Connecticut 2015 Regular Session

Connecticut House Bill HB05795

Introduced
1/21/15  
Introduced
1/21/15  
Refer
1/21/15  
Refer
1/21/15  
Refer
3/11/15  
Refer
3/11/15  

Caption

An Act Concerning A Deduction From The Personal Income Tax For Student Loan Interest.

Impact

The potential impact of HB 5795 on state laws is significant, particularly in how schools are financed. The bill proposes changes to funding formulas that would shift resources to districts that serve lower-income populations, with the goal of leveling the playing field for students across the state. If passed, this could change the way public schools are funded, leading to a redistribution of state education dollars. The bill's supporters contend that equitably supporting all school districts will enhance student performance and retention, while critics express concern about the implications for wealthier districts that may experience funding cuts as a result.

Summary

House Bill 5795 seeks to reform the educational funding system in the state, focusing on equitable distribution of resources among school districts. The bill aims to address disparities that currently exist, ensuring that all students have access to quality education regardless of their geographic location. By adjusting funding formulas and increasing allocations for underserved districts, the bill aims to create a more balanced educational landscape. Proponents argue that this will lead to improved academic outcomes and better preparation for students entering the workforce or higher education.

Sentiment

General sentiment surrounding HB 5795 appears to be largely supportive, particularly among education advocates, teachers' unions, and parents of students in underfunded districts. These groups view the bill as a necessary step towards rectifying long-standing inequities in school funding. However, there is opposition from some lawmakers and community groups in wealthier areas, who worry that changes to funding could negatively impact the quality of education in their jurisdictions. Overall, the discourse reflects a divide between those advocating for equal opportunities in education and those concerned about the ramifications of such reforms.

Contention

Key points of contention include debates over how to effectively measure equitable funding and accountability in the distribution of educational resources. There are concerns that simply increasing funding without addressing underlying issues—such as curriculum quality, teacher training, and student support systems—will not lead to the desired improvements in educational outcomes. Furthermore, some lawmakers are pushing for assurances that accountability measures will be included to ensure that increased funding translates into real change in the education system. This highlights the complexities of education reform and the varied perspectives on the best paths forward.

Companion Bills

No companion bills found.

Previously Filed As

CT HB05030

An Act Establishing A Credit Against The Personal Income Tax For Interest Paid On Student Loans.

CT HB05281

An Act Allowing A Personal Income Tax Deduction For Stipends Paid To Volunteer Firefighting Or Emergency Medical Services Personnel.

CT SB00028

An Act Concerning The Qualifying Income Thresholds For The Social Security Benefits Deduction From The Personal Income Tax.

CT SB00284

An Act Concerning A Security Deposit Loan Assistance Program.

CT SB00076

An Act Reducing The Personal Income Tax Marginal Rates For Certain Taxpayers And Concerning The Asset Expense Deduction For Corporations.

CT HB05513

An Act Concerning The Deduction And Withholding Of Personal Income Tax From Certain Payments And Distributions.

CT SB00237

An Act Establishing A Personal Income Tax Deduction For Military Funeral Honor Guard Detail Compensation.

CT HB05303

An Act Establishing A Child Income Tax Deduction.

CT HB05072

An Act Concerning Personal Income Tax Deductions For Seniors.

CT SB00302

An Act Expanding The Tax Credit For Qualified Apprenticeship Training Programs And Establishing A Pilot Program For Children Interested In Trades.

Similar Bills

CT SB00520

An Act Concerning Military Retirement Pay.

CT HB06396

An Act Concerning An Income Tax Deduction For Long-term Care Insurance Premiums.

CT HB06779

An Act Increasing The Exemption From The Income Tax For Military Retirement Pay.

CT HB06891

An Act Concerning A Deduction From The Personal Income Tax For Student Loan Interest.

CT HB05581

An Act Concerning Federal Tax Benefits And The Capital Stock Tax Rate.

CT HB05362

An Act Concerning A Deduction From The Personal Income Tax For Student Loan Interest.

CT HB06445

An Act Concerning A Deduction From The Personal Income Tax For Student Loan Interest.

CT HB05123

An Act Establishing A Deduction Under The Personal Income Tax For Interest Paid On Student Loans.