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CT SB00057

Bill

Official Source

Status

Introduced

2/15/2022

Primary Sponsor

Ryan Fazio

Click for details

Origin

Senate

2022 General Assembly

AI Summary

  • Amends Chapter 229 of the Connecticut general statutes to require that personal income tax bracket thresholds be indexed to the rate of inflation
  • Prevents "bracket creep," where taxpayers are pushed into higher tax brackets due to inflation-driven wage increases rather than real income growth
  • Introduced during the February 2022 session by Sen. Fazio (36th District) and Rep. Fiorello (149th District)
  • Referred to the Committee on Finance, Revenue and Bonding for consideration

Legislative Description

An Act Requiring Indexing Of Income Thresholds For The Personal Income Tax.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/15/2022

Committee Referrals

Finance, Revenue and Bonding2/15/2022

Full Bill Text

No bill text available