General Assembly Proposed Bill No. 5092 February Session, 2014 LCO No. 349 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. GIULIANO, 23rd Dist. General Assembly Proposed Bill No. 5092 February Session, 2014 LCO No. 349 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. GIULIANO, 23rd Dist. AN ACT CONCERNING AN EXEMPTION FOR CERTAIN PENSION INCOME FROM INCOME TAXATION. Be it enacted by the Senate and House of Representatives in General Assembly convened: That chapter 229 of the general statutes be amended to exempt from income tax any pension earnings under one hundred thousand dollars. Statement of Purpose: To make Connecticut more friendly to retirees by exempting certain pensions from income tax.