Bill > SB00735

This bill proposes to amend section 12-701 of the general statutes to completely exempt Social Security benefits and pension or annuity income from personal income tax for all taxpayers. By removing tax liability on these specific types of income, the legislation aims to provide financial relief for retirees and individuals receiving Social Security payments or retirement income from pensions and annuities. This change would allow recipients to keep more of their retirement and Social Security income without having to pay state personal income tax, potentially making Connecticut more financially attractive to retirees and helping to ease the tax burden on older residents who are living on fixed incomes.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00735&which_year=2025