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CT HB05115
Bill
Status
Introduced
2/9/2016
Primary Sponsor
Gregory Haddad
Click for details
AI Summary
- Establishes a personal income tax deduction for student loan interest paid by taxpayers
- Maximum annual deduction of $2,500 per taxpayer or the actual interest paid, whichever is less
- Applies to taxpayers with modified adjusted gross income below $75,000 (or $150,000 for joint filers)
- Requires taxpayer to be legally obligated to pay interest on a qualified student loan and actually paid that interest during the tax year
- Excludes taxpayers filing married filing separately status and those claimed as dependents on another person's return
Legislative Description
An Act Concerning A Deduction From The Personal Income Tax For Student Loan Interest.
Last Action
Referred to Joint Committee on Finance, Revenue and Bonding
2/9/2016
Committee Referrals
Finance, Revenue and Bonding2/9/2016
Full Bill Text
No bill text available