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CT SB00272

Bill

Official Source

Status

Introduced

1/18/2017

Primary Sponsor

Leonard Fasano

Click for details

Origin

Senate

2017 General Assembly

AI Summary

  • Phase in an exemption from personal income tax for pension income beginning January 1, 2018
  • Maximum exemption amount of $100,000 for pension income
  • Reduce tax burden by 20 percent each year over a five-year period
  • Amend Chapter 229 of the general statutes to implement the exemption
  • Intended to ease Connecticut's tax burden on retirees

Legislative Description

An Act Phasing In An Exemption From The Personal Income Tax For Certain Pension Income.

Last Action

Public Hearing 03/03

2/27/2017

Committee Referrals

Finance, Revenue and Bonding1/18/2017

Full Bill Text

No bill text available