LCO No. 1452 1 of 2
General Assembly Proposed Bill No. 5154
January Session, 2025
LCO No. 1452
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. DOUCETTE, 13th Dist.
AN ACT CONCERNING THE PERSONAL INCOME TAX DEDUCTIONS
FOR SOCIAL SECURITY BENEFITS, PENSION AND ANNUITY
INCOME AND DISTRIBUTIONS FROM CERTAIN INDIVIDUAL
RETIREMENT ACCOUNTS.
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 replace the 1
current personal income tax deductions for social security benefits, 2
pension and annuity income and distributions from certain individual 3
retirement accounts with a personal income tax deduction for such 4
benefits, income and distributions in the following amounts: (1) For an 5
unmarried individual or a married individual filing separately, the 6
amount of such benefits, income and distributions received in a taxable 7
year, up to one hundred thousand dollars; and (2) for married 8
individuals filing jointly or an individual filing as a head of household, 9
the amount of such benefits, income and distributions received in a 10
taxable year, up to two hundred thousand dollars. 11 Proposed Bill No. 5154
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Statement of Purpose:
To replace the current personal income tax deductions for Social
Security benefits, pension and annuity income and distributions from
certain individual retirement accounts and eliminate the marriage
penalty.