CT SB00076 | 2024 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 14 2024 - 25% progression, died in committee
Action: 2024-02-14 - Referred to Joint Committee on Finance, Revenue and Bonding
Pending: Joint Finance, Revenue and Bonding Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 14 2024 - 25% progression, died in committee
Action: 2024-02-14 - Referred to Joint Committee on Finance, Revenue and Bonding
Pending: Joint Finance, Revenue and Bonding Committee
Text: Latest bill text (Introduced) [PDF]
Summary
To reduce the marginal rates for the personal income tax and allow an eligible taxpayer to claim the entirety of an asset expense deduction under Section 179 of the Internal Revenue Code at once rather than incrementally.
Title
An Act Reducing The Personal Income Tax Marginal Rates For Certain Taxpayers And Concerning The Asset Expense Deduction For Corporations.
Sponsors
| Sen. Ryan Fazio [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-14 | Senate | Referred to Joint Committee on Finance, Revenue and Bonding |
Connecticut State Sources
| Type | Source |
|---|---|
| Summary | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00076&which_year=2024 |
| Text | https://www.cga.ct.gov/2024/TOB/S/PDF/2024SB-00076-R00-SB.PDF |
