Bill Text: CT SB00265 | 2015 | General Assembly | Introduced

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Bill Title: An Act Expanding The Exemption From The Income Tax For Military Retirement Pay.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-01-21 - Referred to Joint Committee on Veterans' Affairs [SB00265 Detail]

Download: Connecticut-2015-SB00265-Introduced.html

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General Assembly		Proposed Bill No. 265
January Session, 2015		LCO No. 1331
		*01331*
Referred to Committee on VETERANS' AFFAIRS
Introduced by:
SEN. MARTIN, 31st Dist.

AN ACT EXPANDING THE EXEMPTION FROM THE INCOME TAX FOR MILITARY RETIREMENT PAY.

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

That subparagraph (B)(xvii) of subdivision (20) of subsection (a) of section 12-701 of the general statutes be amended to provide a one hundred per cent exemption from the income tax for military retirement pay.

Statement of Purpose:

To provide tax relief for veterans by increasing the exemption from state income tax on military retirement pay from fifty per cent to one hundred per cent.