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CT HB05088

Bill

Official Source

Status

Introduced

2/9/2026

Primary Sponsor

Devin Carney

Click for details

Origin

House of Representatives

2026 General Assembly

AI Summary

  • Eliminates the current requirement that at least 50% of a mutual fund's assets must consist of state and municipal government obligations for the fund to qualify to pay exempt dividends

  • Amends chapter 229 of the Connecticut general statutes governing personal income tax

  • Expands eligibility for mutual funds to pay tax-exempt interest dividends to Connecticut residents regardless of the fund's asset composition

  • Introduced by Rep. Carney (23rd District) and referred to the Finance, Revenue and Bonding Committee

Legislative Description

An Act Concerning The Asset Requirement For Mutual Funds To Be Qualified To Pay Exempt-interest Dividends.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/9/2026

Committee Referrals

Finance, Revenue and Bonding2/9/2026

Full Bill Text

No bill text available