General Assembly Proposed Bill No. 121
February Session, 2014 LCO No. 616
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. LEBEAU, 3rd Dist.
General Assembly
Proposed Bill No. 121
February Session, 2014
LCO No. 616
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. LEBEAU, 3rd Dist.
AN ACT CONCERNING A DEDUCTION FROM INCOME TAX FOR GAMBLING LOSSES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapter 229 of the general statutes be amended to allow a deduction for gambling losses from the personal income tax.
Statement of Purpose:
To allow an individual to deduct an amount equal to the excess of gambling losses over gambling winnings for the purpose of calculating state income tax.