Exempts Social Security benefits and pension or annuity income from personal income tax.
The bill amends section 12-701 of the general statutes to exempt Social Security benefits and pension or annuity income for all taxpayers from the personal income tax. This change aims to reduce the tax burden on retirees and individuals receiving Social Security benefits or pension or annuity income.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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