Connecticut 2025 Regular Session

Connecticut Senate Bill SB00902 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 3293 1 of 1
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55 General Assembly Proposed Bill No. 902
66 January Session, 2025
77 LCO No. 3293
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1010 Referred to Committee on FINANCE, REVENUE AND
1111 BONDING
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1414 Introduced by:
1515 SEN. OSTEN, 19th Dist.
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1919 AN ACT CONCERNING THE DEDUCTION AND WITHHOLDING OF
2020 PERSONAL INCOME TAX FROM PENSION PAYMENTS AND
2121 ANNUITY DISTRIBUTIONS.
2222 Be it enacted by the Senate and House of Representatives in General
2323 Assembly convened:
2424
2525 That section 12-705 of the general statutes be amended to eliminate 1
2626 the requirement that payers deduct and withhold personal income tax 2
2727 from lump-sum payments of pension payments and annuity 3
2828 distributions. 4
2929 Statement of Purpose:
3030 To eliminate the requirement that payers deduct and withhold personal
3131 income tax from lump-sum payments of pension payments and annuity
3232 distributions.