General Assembly Proposed Bill No. 45
February Session, 2016 LCO No. 143
*00143*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. FORMICA, 20th Dist.
General Assembly
Proposed Bill No. 45
February Session, 2016
LCO No. 143
*00143*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. FORMICA, 20th Dist.
AN ACT CONCERNING PERSONAL INCOME TAX WAIVERS UNDER CERTAIN CIRCUMSTANCES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to allow a waiver, similar to the federal waiver, for individuals who underpay estimated personal income taxes due to a change in work status because of retirement.
Statement of Purpose:
To allow income tax waivers for individuals who retire.