| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | General Assembly Proposed Bill No. 272 | |
| 2 | 2 | January Session, 2017 LCO No. 1556 | |
| 3 | 3 | *01556* | |
| 4 | 4 | Referred to Committee on FINANCE, REVENUE AND BONDING | |
| 5 | 5 | Introduced by: | |
| 6 | 6 | SEN. FASANO, 34th Dist. SEN. WITKOS, 8th Dist. | |
| 7 | 7 | ||
| 8 | 8 | General Assembly | |
| 9 | 9 | ||
| 10 | 10 | Proposed Bill No. 272 | |
| 11 | 11 | ||
| 12 | 12 | January Session, 2017 | |
| 13 | 13 | ||
| 14 | 14 | LCO No. 1556 | |
| 15 | 15 | ||
| 16 | 16 | *01556* | |
| 17 | 17 | ||
| 18 | 18 | Referred to Committee on FINANCE, REVENUE AND BONDING | |
| 19 | 19 | ||
| 20 | 20 | Introduced by: | |
| 21 | 21 | ||
| 22 | 22 | SEN. FASANO, 34th Dist. | |
| 23 | 23 | ||
| 24 | 24 | SEN. WITKOS, 8th Dist. | |
| 25 | 25 | ||
| 26 | 26 | AN ACT PHASING IN AN EXEMPTION FROM THE PERSONAL INCOME TAX FOR CERTAIN PENSION INCOME. | |
| 27 | 27 | ||
| 28 | 28 | Be it enacted by the Senate and House of Representatives in General Assembly convened: | |
| 29 | 29 | ||
| 30 | 30 | That chapter 229 of the general statutes be amended to phase in, beginning January 1, 2018, an exemption from the personal income tax for pension income to a maximum of one hundred thousand dollars, with a reduction each year of twenty per cent of the tax. | |
| 31 | 31 | ||
| 32 | 32 | Statement of Purpose: | |
| 33 | 33 | ||
| 34 | 34 | To ease Connecticut's tax burden on retirees by phasing in an exemption over a five-year period from the personal income tax for pension income to a maximum of one hundred thousand dollars, beginning January 1, 2018. |