SB00054

Connecticut SB00054 establishes a personal income tax deduction for college tuition payments made by a taxpayer.

Connecticut SB00054 amends section 12-701 of the general statutes to create a personal income tax deduction for college tuition payments made by the taxpayer. This deduction aims to provide financial relief to individuals who pay college tuition, potentially reducing their taxable income and, consequently, their tax liability. The bill's purpose is to alleviate the financial burden of college tuition on taxpayers.