LCO No. 753 1 of 1 General Assembly Proposed Bill No. 5412 January Session, 2019 LCO No. 753 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. FERRARO, 117th Dist. AN ACT ESTABLISHING A CREDIT AGAINST THE PERSONAL INCOME TAX FOR INTEREST PAID ON STUDENT LOANS. Be it enacted by the Senate and House of Representatives in General Assembly convened: That chapter 229 of the general statutes be amended to establish a 1 credit against the personal income tax for the amount of student loan 2 interest paid by the taxpayer. 3 Statement of Purpose: To establish a credit against the personal income tax for interest paid by the taxpayer on student loans.