Connecticut 2019 Regular Session

Connecticut Senate Bill SB00050 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 1136 1 of 1
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55 General Assembly Proposed Bill No. 50
66 January Session, 2019
77 LCO No. 1136
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1010 Referred to Committee on FINANCE, REVENUE AND
1111 BONDING
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1414 Introduced by:
1515 SEN. OSTEN, 19th Dist.
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1919 AN ACT CONCERNING THE DEDUCTION AND WITHHOLDING OF
2020 PERSONAL INCOME TAX FROM PENSION PAYMENTS AND
2121 ANNUITY DISTRIBUTIONS.
2222 Be it enacted by the Senate and House of Representatives in General
2323 Assembly convened:
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2525 That section 12-705 of the general statutes be amended to exempt 1
2626 pension payments and annuity distributions from the deduction and 2
2727 withholding of personal income tax from such payments or 3
2828 distributions by the payer. 4
2929 Statement of Purpose:
3030 To exempt pension payments and annuity distributions from the
3131 deduction and withholding of personal income tax from such
3232 payments or distributions by the payer.