LCO No. 224 1 of 1 General Assembly Proposed Bill No. 5026 January Session, 2019 LCO No. 224 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. O'DEA, 125th Dist. AN ACT CONCERNING THE PENSION INCOME EXEMPTION FROM THE PERSONAL INCOME TAX. Be it enacted by the Senate and House of Representatives in General Assembly convened: That section 12-701 of the general statutes be amended to eliminate 1 the limits on taxpayers' federal adjusted gross income for pension 2 income to be exempted from the personal income tax. 3 Statement of Purpose: To eliminate the limits on taxpayers' federal adjusted gross income for pension income to be exempted from the personal income tax.