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CT HB06463

CT HB06463
An Act Eliminating The Qualifying Income Thresholds For The Personal Income Tax Deductions For Social Security Benefits.


summary

Introduced
01/24/2025
In Committee
01/24/2025
Crossed Over
Passed
Dead
06/04/2025

Introduced Session

2025 General Assembly

Bill Summary

To eliminate the qualifying income thresholds for the personal income tax deductions for Social Security benefits.

AI Summary

This bill proposes to modify Connecticut's tax code by removing existing income thresholds that currently limit who can claim personal income tax deductions for Social Security benefits. Under the current law, there are specific income levels that determine an individual's eligibility for these tax deductions, and this legislation would eliminate those restrictions, effectively allowing all Social Security benefit recipients to claim the deduction regardless of their total income. By removing these qualifying income thresholds, the bill aims to provide tax relief for Social Security recipients across all income levels, potentially benefiting retirees and individuals receiving Social Security benefits who previously may have been ineligible for the full tax deduction due to their income. The proposed change would be implemented by amending section 12-701 of the Connecticut general statutes, and it represents a straightforward modification to expand tax benefits for Social Security recipients.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding (on 01/24/2025)

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