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CT HB05193

Bill

Official Source

Status

Introduced

2/17/2012

Primary Sponsor

Gail Lavielle

Click for details

Origin

House of Representatives

2012 General Assembly

AI Summary

  • Exempts Social Security income from Connecticut's personal income tax for all recipients
  • Reduces eligibility for the Earned Income Tax Credit to offset the revenue loss from the Social Security exemption
  • Maintains revenue neutrality by ensuring the tax relief does not create a budget shortfall
  • Aims to provide tax relief to senior citizens and increase Connecticut's competitiveness with other states

Legislative Description

An Act Exempting Social Security Income From The Personal Income Tax And Reducing Eligibility For The Earned Income Tax Credit.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/17/2012

Committee Referrals

Finance, Revenue and Bonding2/17/2012

Full Bill Text

No bill text available