Connecticut HB05115 establishes a personal income tax deduction for losses from cryptocurrency investment fraud or wire fraud.

Connecticut HB05115 amends the state's general statutes to create a personal income tax deduction for losses incurred due to cryptocurrency investment fraud or wire fraud. This deduction mirrors the amount that would be deductible for federal income tax purposes. The bill aims to provide relief to individuals who have suffered financial losses from these specific types of fraud.

Connecticut HB05115 establishes a personal income tax deduction for losses from cryptocurrency investment fraud or wire fraud.

Connecticut HB05115 amends the state's general statutes to create a personal income tax deduction for losses incurred due to cryptocurrency investment fraud or wire fraud. This deduction mirrors the amount that would be deductible for federal income tax purposes. The bill aims to provide relief to individuals who have suffered financial losses from these specific types of fraud.