CT SB00182

Amends Connecticut General Statutes section 12-701 to change how Social Security benefits are treated for state personal income tax purposes

Option 1: Exempts Social Security benefits from state personal income tax for all taxpayers, regardless of income level

Option 2: Requires the qualifying income thresholds for Social Security benefit deductions to be automatically adjusted annually based on changes in the consumer price index (inflation indexing)

Introduced by Senator Slap (5th District) by request and referred to the Finance, Revenue and Bonding Committee