ConnecticutHB 051442025 Regular SessionHouse

AN ACT ESTABLISHING A PERSONAL INCOME TAX DEDUCTION FOR CERTAIN PAYMENTS RECEIVED FROM AN INSURANCE COMPANY.

Sponsored By: Gary A. Turco (Democratic)

Failed

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.

finance, revenue and bonding

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Gary A. Turco

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 0 • No: 0

House vote • 2/18/2025

FIN Vote Tally Sheet (Reserved for Subject Matter Public Hearing)

Yes: 0 • No: 0

Actions Timeline

  1. Public Hearing 02/26

    2/20/2025legislature
  2. Reserved for Subject Matter Public Hearing

    2/18/2025legislature
  3. Referred to Joint Committee on Finance, Revenue and Bonding

    1/14/2025legislature

Bill Text

  • Proposed Bill

    1/14/2025

  • FIN Vote Tally Sheet (Reserved for Subject Matter Public Hearing)

Related Bills

Back to State Legislation