General Assembly Proposed Bill No. 5114
January Session, 2015 LCO No. 323
*00323*
Referred to Committee on VETERANS' AFFAIRS
Introduced by:
REP. FRANCE, 42nd Dist.
General Assembly
Proposed Bill No. 5114
January Session, 2015
LCO No. 323
*00323*
Referred to Committee on VETERANS' AFFAIRS
Introduced by:
REP. FRANCE, 42nd Dist.
AN ACT INCREASING THE EXEMPTION FROM THE INCOME TAX FOR MILITARY RETIREMENT PAY.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That subparagraph (B)(xvii) of subdivision (20) of subsection (a) of section 12-701 of the general statutes be amended to provide a one hundred per cent exemption from the income tax for military retirement pay.
Statement of Purpose:
To increase the exemption from state income tax on military retirement pay from fifty per cent to one hundred per cent.