General Assembly Proposed Bill No. 5118
February Session, 2016 LCO No. 809
*00809*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. REBIMBAS, 70th Dist.
General Assembly
Proposed Bill No. 5118
February Session, 2016
LCO No. 809
*00809*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. REBIMBAS, 70th Dist.
AN ACT REDUCING THE PERSONAL INCOME TAX RATE FOR CERTAIN PERSONS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That title 12 of the general statutes be amended to reduce the personal income tax rate by .1 per cent each year for five years for (1) single filers whose income is less than $50,000, and (2) joint filers whose income is less than $100,000.
Statement of Purpose:
To phase in an income tax reduction for single filers whose income is less than $50,000 and joint filers whose income is less than $100,000.