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CT HB05027

Bill

Official Source

Status

Introduced

2/9/2022

Primary Sponsor

Tom O'Dea

Click for details

Origin

House of Representatives

2022 General Assembly

AI Summary

  • Eliminates Connecticut's estate and gift taxes.
  • Eliminates personal income tax on Social Security benefits without income restrictions.
  • Exempts pension and annuity income from personal income tax for taxable years beginning January 1, 2022, replacing the current phase-out schedule with immediate full exemption.
  • Referred to the Committee on Finance, Revenue and Bonding during the February 2022 legislative session.
  • Introduced by Representative O'Dea of the 125th District.

Legislative Description

An Act Eliminating The Estate And Gift Taxes And Concerning The Personal Income Tax Deductions For Social Security Benefits And Pension Or Annuity Income.

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