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CT HB06461

Bill

Official Source

Status

Introduced

1/24/2025

Primary Sponsor

Tom O'Dea

Click for details

Origin

House of Representatives

2025 General Assembly

AI Summary

  • Eliminates Connecticut's estate tax and gift tax entirely by amending Title 12 of the general statutes
  • Removes qualifying income thresholds for the personal income tax deduction on Social Security benefits, making the deduction available regardless of income level
  • Removes qualifying income thresholds for the personal income tax deduction on pension and annuity income, similarly extending eligibility to all income levels
  • Introduced by Rep. O'Dea (125th District) during the January 2025 session and referred to the Committee on Finance, Revenue and Bonding

Legislative Description

An Act Eliminating The Estate And Gift Taxes And The Qualifying Income Thresholds For Certain Personal Income Tax Deductions.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

1/24/2025

Committee Referrals

Finance, Revenue and Bonding1/24/2025

Full Bill Text

No bill text available