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CT HB05115

Bill

Status

Introduced

2/9/2016

Primary Sponsor

Gregory Haddad

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Origin

House of Representatives

2016 General Assembly

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