LCO No. 2068 1 of 1
General Assembly Proposed Bill No. 740
January Session, 2021
LCO No. 2068
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
SEN. KELLY, 21st Dist.
SEN. FORMICA, 20th Dist.
AN ACT CONCERNING A TEMPORARY PERSONAL INCOME TAX
CREDIT FOR EXPENSES RELATED TO THE COVID -19 PANDEMIC.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That, for the taxable years commencing January 1, 2020, and January 1
1, 2021, taxpayers shall be allowed to claim a credit against the personal 2
income tax, not to exceed five hundred dollars for married individuals 3
filing jointly and two hundred fifty dollars for all other filers, for 4
expenses related to the COVID-19 pandemic. 5
Statement of Purpose:
To allow taxpayers a personal income tax credit for the taxable years
commencing January 1, 2020, and January 1, 2021, for expenses related
to the COVID-19 pandemic.