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CT HB05022

CT HB05022
An Act Eliminating The Qualifying Income Thresholds For The Personal Income Tax Deductions For Social Security Benefits, Pension Or Annuity Income And Certain Individual Retirement Account Distributions.


summary

Introduced
02/04/2026
In Committee
02/04/2026
Crossed Over
Passed
Dead

Introduced Session

2026 General Assembly

Bill Summary

To eliminate the qualifying income thresholds for the personal income tax deductions for Social Security benefits, pension or annuity income and distributions from individual retirement accounts.

AI Summary

This bill amends Section 12-701 of the general statutes to remove income limitations that currently determine who can claim personal income tax deductions for Social Security benefits, pension or annuity income, and certain distributions from individual retirement accounts (IRAs). Currently, individuals must meet specific income thresholds to qualify for these deductions, but this bill proposes to eliminate those thresholds, meaning more people may be eligible to deduct these types of retirement income from their taxable income.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding (on 02/04/2026)

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