LCO No. 1155 1 of 1
General Assembly Proposed Bill No. 5145
January Session, 2025
LCO No. 1155
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. TURCO, 27th Dist.
AN ACT INCREASING THE AMOUNT OF THE PERSONAL INCOME
TAX DEDUCTION FOR CONTRIBUTIONS TO STATE -ESTABLISHED
529 QUALIFIED STATE TUITION PROGRAMS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That section 12-701a of the general statutes be amended to increase 1
the amount of the personal income tax deduction for contributions to 2
accounts for 529 qualified state tuition programs established and 3
maintained by the state, from five thousand dollars for individual 4
taxpayers to ten thousand dollars and from ten thousand dollars for 5
taxpayers filing a joint return to twenty thousand dollars. 6
Statement of Purpose:
To increase the amount of the personal income tax deduction for
contributions to accounts for 529 qualified state tuition programs
established and maintained by the state.