Bill > SB00108

This bill proposes to amend section 12-701 of the general statutes to create a new personal income tax deduction specifically for college tuition payments made directly by taxpayers. By allowing taxpayers to deduct the amount they spend on college tuition from their taxable income, the bill aims to provide financial relief to individuals paying for higher education expenses. While the bill text is brief and lacks specific details about the deduction amount, limitations, or eligibility criteria, its primary purpose is to reduce the tax burden for those investing in college education for themselves or their dependents. This type of tax deduction can help make higher education more affordable by effectively lowering the net cost of tuition through tax savings, potentially encouraging more individuals to pursue post-secondary education or support their family members in doing so.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00108&which_year=2025