General Assembly Proposed Bill No. 5162
January Session, 2015 LCO No. 303
*00303*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. CARNEY, 23rd Dist.
General Assembly
Proposed Bill No. 5162
January Session, 2015
LCO No. 303
*00303*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. CARNEY, 23rd Dist.
AN ACT PHASING OUT PERSONAL INCOME TAXATION ON PENSION INCOME AND SOCIAL SECURITY BENEFITS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapter 229 of the general statutes be amended to phase out the imposition of personal income taxation of pension income and Social Security benefits.
Statement of Purpose:
To phase out personal income taxation on pension and Social Security benefits in order to provide tax relief to senior citizens and make Connecticut competitive with other states.