CT HB05173

Allows Connecticut taxpayers to deduct qualified payments (up to $900 aggregate) from gross income for federal income tax purposes, as defined in Section 139B of the Internal Revenue Code.

The deduction applies to stipends paid to volunteer firefighters and volunteer ambulance members, treated as tax-exempt qualified payments.

Effective January 1, 2023, and applies to all taxable years commencing on or after January 1, 2023.

Amends section 12-701(a)(20)(B) of Connecticut's general statutes to add this deduction as clause (xxvii) to the list of allowable subtractions from gross income.