HB 5722 Summary

• Allows Connecticut personal income tax deduction for stipends paid to volunteer firefighters and volunteer ambulance members, effective January 1, 2022 for taxable years commencing on or after that date.

• Amends Connecticut General Statutes Section 12-701(a)(20)(B) to add qualified payments as a deductible item, defined under Internal Revenue Code Section 139B, with a maximum deduction of $900 in the aggregate.

• The deduction applies to the extent such payments are properly includable in federal gross income but exempt from federal taxation under federal law.

• Received joint favorable recommendations from the Public Safety and Finance committees.