Connecticut-2015-HB05156-Introduced


General Assembly		*Proposed Bill No. 5156*
*January Session, 2015*		LCO No. 267
		00267
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. O'DEA, 125th Dist.

AN ACT PHASING OUT THE PERSONAL INCOME TAX ON PENSIONS AND SOCIAL SECURITY INCOME.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That chapter 229 of the general statutes be amended to phase out personal income taxes on pensions and Social Security income.

Statement of Purpose:

To phase out personal income taxes on pensions and Social Security income in order to provide tax relief to senior citizens and make Connecticut more competitive with other states.