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CT HB05023

Bill

Official Source

Status

Introduced

2/9/2022

Primary Sponsor

William Buckbee

Click for details

Origin

House of Representatives

2022 General Assembly

AI Summary

  • Amends section 12-701 of Connecticut general statutes to adjust qualifying income thresholds for senior personal income tax deductions based on inflation
  • Exempts income from individual retirement accounts (IRAs) from personal income tax for seniors effective January 1, 2022
  • Replaces the current phase-out schedule for IRA income with a complete exemption for eligible seniors
  • Referred to the Committee on Finance, Revenue and Bonding
  • Introduced by Rep. Buckbee (67th District) in the February 2022 session

Legislative Description

An Act Concerning Certain Adjustments For Seniors To Personal Income Tax Deductions.

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