General Assembly Proposed Bill No. 530
January Session, 2015 LCO No. 2879
*02879*
Referred to Committee on VETERANS' AFFAIRS
Introduced by:
SEN. FLEXER, 29th Dist. REP. HENNESSY, 127th Dist.
General Assembly
Proposed Bill No. 530
January Session, 2015
LCO No. 2879
*02879*
Referred to Committee on VETERANS' AFFAIRS
Introduced by:
SEN. FLEXER, 29th Dist.
REP. HENNESSY, 127th Dist.
AN ACT EXEMPTING MILITARY RETIREMENT PAY FROM THE STATE INCOME TAX.
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.