General Assembly Proposed Bill No. 402 January Session, 2017 LCO No. 1262 *01262* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: SEN. BOUCHER, 26th Dist. General Assembly Proposed Bill No. 402 January Session, 2017 LCO No. 1262 *01262* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: SEN. BOUCHER, 26th Dist. AN ACT DECREASING THE PERSONAL INCOME TAX RATES. Be it enacted by the Senate and House of Representatives in General Assembly convened: That section 12-700 of the general statutes be amended to decrease the rates of tax imposed under said section to a maximum of four and one-half per cent. Statement of Purpose: To provide tax relief by decreasing the personal income tax rates to a maximum of four and one-half per cent.