LCO No. 1051 1 of 2
General Assembly Proposed Bill No. 5455
January Session, 2021
LCO No. 1051
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. DELNICKI, 14th Dist.
AN ACT CONCERNING THE QUALIFYING INCOME THRESHOLDS
FOR THE PERSONAL INCOME TAX DEDUCTION FOR PENSION OR
ANNUITY 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 establish, 1
for the personal income tax deduction of pension or annuity income 2
under subparagraph (B)(xxi) of subdivision (2) of subsection (a) of said 3
section, additional qualifying income threshold tiers (1) between 4
seventy-five thousand dollars to less than one hundred thousand 5
dollars in adjusted gross income for an unmarried individual, a married 6
individual filing separately or a head of household, and (2) between one 7
hundred thousand dollars to less than one hundred twenty-five 8
thousand dollars in adjusted gross income for married individuals filing 9
jointly. The deduction allowed under each such additional threshold tier 10
shall be a decreasing percentage, as adjusted gross income increases, of 11
the percentage allowed under said subparagraph for the applicable 12
taxable year. 13 Proposed Bill No. 5455
LCO No. 1051 2 of 2
Statement of Purpose:
To establish additional qualifying income threshold tiers and deduction
percentages for the personal income tax deduction for pension or
annuity income.