General Assembly Proposed Bill No. 5123
February Session, 2016 LCO No. 708
*00708*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. KLARIDES, 114th Dist. REP. CANDELORA, 86th Dist. REP. HOYDICK, 120th Dist. REP. MINER, 66th Dist. REP. O'NEILL, 69th Dist.
General Assembly
Proposed Bill No. 5123
February Session, 2016
LCO No. 708
*00708*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. KLARIDES, 114th Dist.
REP. CANDELORA, 86th Dist.
REP. HOYDICK, 120th Dist.
REP. MINER, 66th Dist.
REP. O'NEILL, 69th Dist.
AN ACT ESTABLISHING A DEDUCTION UNDER THE PERSONAL INCOME TAX FOR INTEREST PAID ON STUDENT LOANS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapter 229 of the general statutes be amended to establish a deduction under the personal income tax for the amount of student loan interest paid by the taxpayer to the lender.
Statement of Purpose:
To provide relief to Connecticut residents from student loan debts by establishing a deduction under the personal income tax for the amount of student loan interest paid.