Bill
Bill > HB06928
CT HB06928
CT HB06928An Act Concerning The Personal Income Tax Treatment Of Certain Student Loan Forgiveness Amounts.
summary
Introduced
03/29/2023
03/29/2023
In Committee
05/02/2023
05/02/2023
Crossed Over
Passed
Dead
06/07/2023
06/07/2023
Introduced Session
2023 General Assembly
Bill Summary
To establish a personal income tax deduction for certain student loan forgiveness amounts includable as gross income for federal income tax purposes.
AI Summary
This bill establishes a personal income tax deduction for certain student loan forgiveness amounts that are includable as gross income for federal income tax purposes. Specifically, the bill allows taxpayers to subtract up to $10,000 in student loan forgiveness from their state taxable income, effective for the 2024 tax year and beyond. This provision aims to provide state-level tax relief for individuals who have received student loan forgiveness, which can otherwise be considered taxable income at the federal level.
Committee Categories
Budget and Finance
Sponsors (1)
Other Sponsors (1)
Finance, Revenue and Bonding Committee (Joint)
Last Action
File Number 684 (on 05/02/2023)
Bill Topics
Education
- ‐ Higher Education
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06928&which_year=2023 | 03/28/2023 |
| Bill Analysis For File Copy 684 | https://www.cga.ct.gov/2023/BA/PDF/2023HB-06928-R000684-BA.PDF | 05/02/2023 |
| Fiscal Note For File Copy 684 | https://www.cga.ct.gov/2023/FN/PDF/2023HB-06928-R000684-FN.PDF | 05/02/2023 |
| BillText | https://www.cga.ct.gov/2023/TOB/H/PDF/2023HB-06928-R01-HB.PDF | 05/02/2023 |
| BillText | https://www.cga.ct.gov/2023/TOB/H/PDF/2023HB-06928-R00-HB.PDF | 03/28/2023 |
Loading...