Loading chat...

CT HB06092

Bill

Official Source

Status

Introduced

1/25/2013

Primary Sponsor

Daniel Fox

Click for details

Origin

House of Representatives

2013 General Assembly

AI Summary

  • Modifies Connecticut income tax law to allow deduction of amortizable bond premiums paid on out-of-state municipal bonds for all taxpayers, not just those who trade bonds as a business
  • Applies to bonds whose interest is subject to taxation in Connecticut but exempt from federal taxation
  • Permits subtraction of amortizable bond premiums from Connecticut adjusted gross income for the taxable year, to the extent premiums are not deductible for federal income tax purposes
  • Amends subparagraph (B)(ix) of subdivision (20) of subsection (a) of section 12-701 of the Connecticut general statutes

Legislative Description

An Act Concerning The Deductibility Of Premiums Paid On Out-of-state Bonds.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

1/25/2013

Committee Referrals

Finance, Revenue and Bonding1/25/2013

Full Bill Text

No bill text available