Connecticut SB 74: AN ACT ESTABLISHING A PERSONAL INCOME TAX DEDUCTION FOR ABLE ACCOUNT DEPOSITS.

Status: PUBLIC HEARING 0222 (as of 2023-02-17)

State: Connecticut · Session: 2023 · Bill: SB 74

Subjects: Disabled persons, Income tax deductions (State), Medical savings accounts

Sponsors: Harding, Stephen

Bill Text

LCO No. 1038 1 of 1

General Assembly Proposed Bill No. 74
January Session, 2023 LCO No. 1038

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
SEN. HARDING, 30th Dist.

AN ACT ESTABLISHING A PERSONAL INCOME TAX DEDUCTION
FOR ABLE ACCOUNT DEPOSITS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That section 12-701 of the general statutes be amended to establish a 1
personal income tax deduction for deposits made by a taxpayer to an 2
achieving a better life experience (ABLE) account. 3
Statement of Purpose:
To establish a personal income tax deduction for deposits made by a
taxpayer to an ABLE account.

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