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CT SB00041

Bill

Official Source

Status

Introduced

2/4/2026

Primary Sponsor

Heather Bond Somers

Click for details

Origin

Senate

2026 General Assembly

AI Summary

  • Creates a Connecticut personal income tax deduction for capital gains from the sale of a primary home
  • Eligibility limited to taxpayers aged 65 or older
  • Deduction applies to capital gain amounts that are includable in federal gross income
  • Amends Chapter 229 of the general statutes (Connecticut income tax provisions)
  • Introduced by Sen. Somers (18th District) and referred to the Finance, Revenue and Bonding Committee

Legislative Description

An Act Establishing A Personal Income Tax Deduction For Certain Taxpayers For Certain Capital Gains On The Sale Of A Primary Home.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/4/2026

Committee Referrals

Finance, Revenue and Bonding2/4/2026

Full Bill Text

No bill text available