Connecticut Seal

General Assembly

 

Proposed Bill No. 5099

 

February Session, 2016

 

LCO No. 806

 

*00806*

Referred to Committee on FINANCE, REVENUE AND BONDING

 

Introduced by:

 

REP. CARNEY, 23rd Dist.

 

AN ACT PHASING OUT PERSONAL INCOME TAXATION ON PENSION INCOME AND SOCIAL SECURITY BENEFITS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That chapter 229 of the general statutes be amended to phase out the imposition of personal income taxation of pension income and Social Security benefits.

Statement of Purpose:

To phase out personal income taxation on pension and Social Security benefits in order to provide tax relief to senior citizens and make Connecticut competitive with other states.