LCO No. 2115 1 of 1
General Assembly Proposed Bill No. 5550
January Session, 2025
LCO No. 2115
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. CARNEY, 23
rd Dist.
AN ACT CONCERNING THE QUALIFYING INCOME THRESHOLDS
FOR CERTAIN PERSONAL INCOME TAX DEDUCTIONS FOR
MARRIED INDIVIDUALS FILING JOINTLY.
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 increase, for 1
married individuals filing jointly, the qualifying income thresholds for 2
the personal income tax deductions for Social Security benefits, pension 3
and annuity income and distributions to less than one hundred fifty 4
thousand dollars, and adjust the applicable phase-outs to two hundred 5
thousand dollars. 6
Statement of Purpose:
To increase, for married individuals filing jointly, the qualifying income
thresholds for the personal income tax deductions for Social Security
benefits, pension and annuity income and distributions and adjust the
applicable phase-outs accordingly.