General Assembly Proposed Bill No. 5049 January Session, 2017 LCO No. 614 *00614* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. CARNEY, 23rd Dist. General Assembly Proposed Bill No. 5049 January Session, 2017 LCO No. 614 *00614* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. CARNEY, 23rd Dist. AN ACT PHASING OUT PERSONAL INCOME TAXATION ON PENSIONS AND SOCIAL SECURITY BENEFITS. Be it enacted by the Senate and House of Representatives in General Assembly convened: That chapter 229 of the general statutes be amended to phase out the imposition of personal income taxation of pension income and Social Security benefits. Statement of Purpose: To phase out the personal income tax on pensions and Social Security benefits.