LCO No. 515 1 of 1 General Assembly Proposed Bill No. 5326 January Session, 2019 LCO No. 515 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. HARDING, 107th Dist. AN ACT CONCERNING THE PHASE-IN SCHEDULE FOR THE PERSONAL INCOME TAX EXEMPTION FOR PENSION INCOME. 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 exempt 1 pension income from the personal income tax, effective from passage 2 and in lieu of the current phase-in schedule. 3 Statement of Purpose: To exempt pension income from the personal income tax, effective from passage and in lieu of the current phase-in schedule.