CT SB00373

Adds a new Connecticut personal income tax deduction for "qualified payments" as defined in Section 139B of the Internal Revenue Code, which covers payments to volunteer firefighters and emergency responders

Caps the deduction at $2,000 in aggregate per taxable year for stipends paid to volunteer firefighters, volunteer fire police officers, and volunteer ambulance members

Effective January 1, 2027, applicable to taxable years commencing on or after January 1, 2027

Amends Section 12-701(a)(20)(B) of the Connecticut General Statutes by adding clause (xxxviii) to the list of subtractions from federal adjusted gross income when calculating Connecticut adjusted gross income