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CT HB06753

Bill

Official Source

Status

Introduced

1/28/2025

Primary Sponsor

Alphonse Paolillo

Click for details

Origin

House of Representatives

2025 General Assembly

AI Summary

  • Amends Connecticut General Statutes section 12-705 to exempt qualified distributions from Roth IRAs from state income tax withholding requirements
  • Clarifies that payers of Roth IRA distributions are not required to deduct and withhold Connecticut personal income tax from these payments
  • Aligns state withholding treatment with federal tax law, which already treats qualified Roth IRA distributions as tax-free
  • Introduced by Rep. Paolillo (97th District) and referred to the Finance, Revenue and Bonding Committee

Legislative Description

An Act Concerning The Deduction And Withholding Of Personal Income Tax From Roth Individual Retirement Account Qualified Distributions.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

1/28/2025

Committee Referrals

Finance, Revenue and Bonding1/28/2025

Full Bill Text

No bill text available