Bill > HB05094

This bill proposes to amend an existing law, specifically section 12-701 of the general statutes, to create an exemption from the personal income tax for all taxpayers on their Social Security benefits and any income received from pensions or annuities. In simpler terms, it means that money received from Social Security, as well as regular payments from retirement plans (pensions) or contracts that provide a fixed income over time (annuities), would no longer be subject to state income tax for anyone. This change aims to reduce the tax burden on individuals who rely on these sources of income, particularly retirees.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05094&which_year=2026