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CT HB05113

Bill

Official Source

Status

Introduced

2/10/2026

Primary Sponsor

Finance, Revenue and Bonding Committee

Click for details

Origin

House of Representatives

2026 General Assembly

AI Summary

  • Allows Connecticut taxpayers to deduct cancelled debt and debt relief from their state personal income tax for student loans, medical debt, and credit card debt
  • Applies to both state and federal debt relief programs
  • Effective January 1, 2027, for taxable years beginning on or after that date
  • Amends section 12-701 of the Connecticut General Statutes by adding a new subtraction from federal adjusted gross income
  • Co-sponsored by Rep. Rojas (9th District) and referred to the Finance, Revenue and Bonding Committee

Legislative Description

An Act Establishing A Personal Income Tax Deduction For The Amount Of Cancelled Debt And Debt Relief Received By A Taxpayer For Student Loans, Medical Debt And Credit Card Debt.

Last Action

Public Hearing 03/11

3/5/2026

Committee Referrals

Finance, Revenue and Bonding2/10/2026

Full Bill Text

No bill text available