Connecticut-2012-HB05189-Introduced


General Assembly		*Proposed Bill No. 5189*
*February Session, 2012*		LCO No. 669

Referred to Committee on Finance, Revenue and Bonding
Introduced by:
REP. PERILLO, 113th Dist.

AN ACT CONCERNING THE INCOME TAX TREATMENT OF PENSION 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 exempt income from pensions and Social Security from the personal income tax, up to a maximum amount of fifty thousand dollars in such income for individuals and one hundred thousand dollars for joint filers.

Statement of Purpose:

To remove a portion of pension and Social Security income from personal income tax calculations.