General Assembly Proposed Bill No. 5256 January Session, 2017 LCO No. 565 *00565* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. HARDING, 107th Dist. General Assembly Proposed Bill No. 5256 January Session, 2017 LCO No. 565 *00565* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. HARDING, 107th Dist. AN ACT ESTABLISHING A TAX CREDIT FOR INTEREST AND PRINCIPAL 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 tax credit against the personal income tax for interest and principal paid on student loans. Statement of Purpose: To establish a tax credit against the personal income tax for interest and principal paid on student loans.