General Assembly Proposed Bill No. 735
January Session, 2015 LCO No. 1244
*01244*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. KELLY, 21st Dist.
General Assembly
Proposed Bill No. 735
January Session, 2015
LCO No. 1244
*01244*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. KELLY, 21st Dist.
AN ACT INCREASING THE AMOUNT OF THE PERSONAL EXEMPTION UNDER THE STATE INCOME TAX.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapter 229 of the general statutes be amended to provide that, for taxable years commencing on or after January 1, 2016, any person who files under the federal income tax as an unmarried individual or a married individual filing separately shall have a personal exemption of seventy-five thousand dollars in determining Connecticut tax liability, and that the rate for a husband and wife filing jointly shall be adjusted accordingly.
Statement of Purpose:
To exempt individuals who earn seventy-five thousand dollars or less from the personal income tax and adjust the amount of exemption accordingly for taxpayers filing jointly.