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CT HB05085

Bill

Official Source

Status

Introduced

2/13/2024

Primary Sponsor

Martin Foncello

Click for details

Origin

House of Representatives

2024 General Assembly

AI Summary

  • Eliminates Connecticut's personal income tax on all distributions from individual retirement accounts (IRAs), regardless of the recipient's income level
  • Amends Title 12 of the general statutes to implement the tax exemption
  • Referred to Committee on Finance, Revenue and Bonding
  • Introduced by Rep. Foncello (107th District) during the February 2024 legislative session

Legislative Description

An Act Eliminating The Personal Income Tax On Individual Retirement Account Distributions.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/13/2024

Committee Referrals

Finance, Revenue and Bonding2/13/2024

Full Bill Text

No bill text available