CT HB05201

Provides state income tax exemptions for retired government employees and retired teachers whose Social Security is reduced by the Windfall Elimination Provision or Government Pension Offset and who receive a government pension.

Exemption amount of $25,000 for retirees with pensions of $50,000 or less.

Exemption amount of $25,000 reduced by $5,000 for each $10,000 of pension payments above $50,000 for retirees with pensions between $50,000 and $90,000.

Exemption amount of $5,000 for retirees with pensions of $90,000 or more.