LCO No. 514 1 of 1
General Assembly Proposed Bill No. 5321
January Session, 2019
LCO No. 514
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. HARDING, 107th Dist.
AN ACT ESTABLISHING AN INCOME TAX DEDUCTION FOR ABLE
ACCOUNT DEPOSITS.
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 establish a 1
deduction from the personal income tax for deposits made by a 2
taxpayer to an achieving a better life experience account. 3
Statement of Purpose:
To establish a deduction from the personal income tax for deposits
made by a taxpayer to an achieving a better life experience account.