Allows taxpayers aged 65 and older to deduct capital gains from selling a primary home on state income taxes.
Connecticut SB00041 amends the general statutes to allow taxpayers aged 65 and older to deduct the amount of any capital gain from the sale of a primary home on state income taxes. This deduction applies to capital gains that are includable in gross income for federal income tax purposes.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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