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CT HB05008

Bill

Official Source

Status

Introduced

2/9/2022

Primary Sponsor

Vincent Candelora

Click for details

Origin

House of Representatives

2022 General Assembly

AI Summary

  • Amends Connecticut General Statutes section 12-701 to create a personal income tax deduction for deposits made to Achieving a Better Life Experience (ABLE) accounts.

  • Unmarried individual filers may deduct up to $5,000 per tax year for ABLE account deposits.

  • Married individuals filing jointly may deduct up to $10,000 per tax year for ABLE account deposits.

  • Referred to the Committee on Finance, Revenue and Bonding during the February 2022 legislative session.

Legislative Description

An Act Establishing A Personal Income Tax Deduction For Able Account Deposits.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/9/2022

Committee Referrals

Finance, Revenue and Bonding2/9/2022

Full Bill Text

No bill text available