2025 Regular Session • Connecticut Legislature
HB05144: An Act Establishing A Personal Income Tax Deduction For Certain Payments Received From An Insurance Company.
Legislative Summary
To establish a personal income tax deduction for the portion of any payment from an insurance company received by a taxpayer (1) in exchange for a buyout or cancellation of a long-term care insurance policy, and (2) that is properly includable in gross income for federal income tax purposes.
Demographic Impact
Overall analysis of equity impact
70% Positive
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Bill History
1/14/2025
Referred to Joint Committee on Finance, Revenue and Bonding
House of Representatives
2/18/2025
Reserved for Subject Matter Public Hearing
House of Representatives
2/20/2025
Public Hearing 02/26
House of Representatives
Roll Call Votes
FIN Vote Tally Sheet (Reserved for Subject Matter Public Hearing)
2/18/2025
0
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Status Information
Current Status
Introduced(1/14/2025)
Chamber
House of Representatives
Committee
Finance, Revenue and Bonding(Joint Conference)
