LCO No. 165 1 of 1
General Assembly Proposed Bill No. 5001
January Session, 2021
LCO No. 165
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. WINKLER, 56th Dist.
REP. DOUCETTE, 13th Dist.
AN ACT CONCERNING THE PENSION AND ANNUITY INCOME
DEDUCTION FROM THE PERSONAL INCOME TAX AND THE
QUALIFYING INCOME THRESHOLD FOR MARRIED INDIVIDUALS
FILING JOINTLY.
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 increase the 1
qualifying income threshold, from less than one hundred thousand 2
dollars to less than one hundred fifty thousand dollars, for the pension 3
and annuity income deduction from the personal income tax for married 4
individuals filing jointly, for taxable years commencing on or after 5
January 1, 2021. 6
Statement of Purpose:
To increase the qualifying income threshold for the pension and annuity
income deduction from the personal income tax for married individuals
filing jointly, to twice the amount of the qualifying income threshold for
an unmarried individual.