Loading chat...

CT HB05022

Bill

Official Source

Status

Introduced

2/7/2024

Primary Sponsor

Holly Cheeseman

Click for details

Origin

House of Representatives

2024 General Assembly

AI Summary

  • Amends Chapter 229 of Connecticut General Statutes to require indexing of personal income tax thresholds to inflation using the consumer price index
  • Applies indexing to qualifying income thresholds for personal income tax deductions
  • Automatically adjusts tax brackets and deduction limits based on inflation rates rather than requiring legislative action
  • Introduced by Rep. Cheeseman (37th District) and referred to the Committee on Finance, Revenue and Bonding during the February 2024 session

Legislative Description

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

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/7/2024

Committee Referrals

Finance, Revenue and Bonding2/7/2024

Full Bill Text

No bill text available