Proposed H.B. No. 5040
Session Year 2021


AN ACT CONCERNING CERTAIN ADJUSTMENTS FOR SENIORS TO PERSONAL INCOME TAX DEDUCTIONS.

To require that, for seniors, (1) qualifying income thresholds for personal income tax deductions be adjusted for inflation, and (2) income from individual retirement accounts that is currently taxable be exempt from the personal income tax.


Other Bills with Similar Topics

  Elderly persons 

  Income tax (State) 

  Individual retirement accounts (IRAs)