| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | LCO No. 864 1 of 2 | |
| 4 | 4 | ||
| 5 | 5 | General Assembly Proposed Bill No. 112 | |
| 6 | 6 | January Session, 2025 | |
| 7 | 7 | LCO No. 864 | |
| 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 | SEN. GORDON, 35th Dist. | |
| 16 | 16 | ||
| 17 | 17 | ||
| 18 | 18 | ||
| 19 | 19 | AN ACT ESTABLISHING A CHILD AND DEPENDENT TAX CREDIT | |
| 20 | 20 | AGAINST THE PERSONAL INCOME TAX. | |
| 21 | 21 | Be it enacted by the Senate and House of Representatives in General | |
| 22 | 22 | Assembly convened: | |
| 23 | 23 | ||
| 24 | 24 | That chapter 229 of the general statutes be amended to (1) establish a 1 | |
| 25 | 25 | child and dependent tax credit against the personal income tax of five 2 | |
| 26 | 26 | hundred dollars per child or dependent, for (A) children under 3 | |
| 27 | 27 | seventeen years of age, (B) a disabled dependent or disabled spouse, 4 | |
| 28 | 28 | who resides with the taxpayer for more than half the taxable year, or (C) 5 | |
| 29 | 29 | a dependent sixty-five years of age or older who is not the spouse of the 6 | |
| 30 | 30 | taxpayer, and (2) provide for income threshold phase-outs of the credit 7 | |
| 31 | 31 | of ten per cent for each one thousand dollars or fraction thereof of 8 | |
| 32 | 32 | adjusted gross income over (A) two hundred thousand dollars for 9 | |
| 33 | 33 | unmarried individuals, married individuals filing separately and heads 10 | |
| 34 | 34 | of households, and (B) four hundred thousand dollars for married 11 | |
| 35 | 35 | individuals filing jointly. 12 Proposed Bill No. 112 | |
| 36 | 36 | ||
| 37 | 37 | ||
| 38 | 38 | LCO No. 864 2 of 2 | |
| 39 | 39 | ||
| 40 | 40 | Statement of Purpose: | |
| 41 | 41 | To establish a child and dependent tax credit against the personal | |
| 42 | 42 | income tax of five hundred dollars per eligible child and dependent. |