| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | LCO No. 1051 1 of 2 | |
| 4 | 4 | ||
| 5 | 5 | General Assembly Proposed Bill No. 5455 | |
| 6 | 6 | January Session, 2021 | |
| 7 | 7 | LCO No. 1051 | |
| 8 | 8 | ||
| 9 | 9 | ||
| 10 | 10 | Referred to Committee on FINANCE, REVENUE AND | |
| 11 | 11 | BONDING | |
| 12 | 12 | ||
| 13 | 13 | ||
| 14 | 14 | Introduced by: | |
| 15 | 15 | REP. DELNICKI, 14th Dist. | |
| 16 | 16 | ||
| 17 | 17 | ||
| 18 | 18 | ||
| 19 | 19 | AN ACT CONCERNING THE QUALIFYING INCOME THRESHOLDS | |
| 20 | 20 | FOR THE PERSONAL INCOME TAX DEDUCTION FOR PENSION OR | |
| 21 | 21 | ANNUITY INCOME. | |
| 22 | 22 | Be it enacted by the Senate and House of Representatives in General | |
| 23 | 23 | Assembly convened: | |
| 24 | 24 | ||
| 25 | 25 | That section 12-701 of the general statutes be amended to establish, 1 | |
| 26 | 26 | for the personal income tax deduction of pension or annuity income 2 | |
| 27 | 27 | under subparagraph (B)(xxi) of subdivision (2) of subsection (a) of said 3 | |
| 28 | 28 | section, additional qualifying income threshold tiers (1) between 4 | |
| 29 | 29 | seventy-five thousand dollars to less than one hundred thousand 5 | |
| 30 | 30 | dollars in adjusted gross income for an unmarried individual, a married 6 | |
| 31 | 31 | individual filing separately or a head of household, and (2) between one 7 | |
| 32 | 32 | hundred thousand dollars to less than one hundred twenty-five 8 | |
| 33 | 33 | thousand dollars in adjusted gross income for married individuals filing 9 | |
| 34 | 34 | jointly. The deduction allowed under each such additional threshold tier 10 | |
| 35 | 35 | shall be a decreasing percentage, as adjusted gross income increases, of 11 | |
| 36 | 36 | the percentage allowed under said subparagraph for the applicable 12 | |
| 37 | 37 | taxable year. 13 Proposed Bill No. 5455 | |
| 38 | 38 | ||
| 39 | 39 | ||
| 40 | 40 | LCO No. 1051 2 of 2 | |
| 41 | 41 | ||
| 42 | 42 | Statement of Purpose: | |
| 43 | 43 | To establish additional qualifying income threshold tiers and deduction | |
| 44 | 44 | percentages for the personal income tax deduction for pension or | |
| 45 | 45 | annuity income. |