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CT HB05072

Bill

Official Source

Status

Introduced

2/9/2024

Primary Sponsor

William Buckbee

Click for details

Origin

House of Representatives

2024 General Assembly

AI Summary

  • Amends Connecticut General Statutes Section 12-701 to index qualifying income thresholds for senior personal income tax deductions to the rate of inflation
  • Makes personal income tax deductions for distributions from certain individual retirement accounts effective immediately for taxable years commencing on or after January 1, 2024
  • Eliminates the current phase-in schedule for retirement account distribution deductions for seniors
  • Referred to the Committee on Finance, Revenue and Bonding
  • Introduced by Rep. Buckbee (67th District) during the February 2024 legislative session

Legislative Description

An Act Concerning Personal Income Tax Deductions For Seniors.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/9/2024

Committee Referrals

Finance, Revenue and Bonding2/9/2024

Full Bill Text

No bill text available