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CT HB06987
Bill
Status
2/1/2017
Primary Sponsor
Aging Committee
Click for details
AI Summary
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Exempts all Social Security benefits includable for federal income tax purposes from Connecticut state income tax, effective for taxable years beginning January 1, 2017.
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Replaces the previous tiered system that partially exempted Social Security benefits based on income thresholds (different limits for unmarried individuals at $50,000 AGI and married/head of household filers at $60,000 AGI).
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Amends Connecticut General Statutes Section 12-701(a)(20)(B), which lists deductions and subtractions allowed in calculating Connecticut adjusted gross income.
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Applies retroactively to all eligible taxpayers filing returns for the 2017 tax year and thereafter.
Legislative Description
An Act Exempting Social Security Benefits From State Income Tax.
Last Action
Referred by House to Committee on Finance, Revenue and Bonding
3/7/2017