AN ACT CONCERNING PERSONAL INCOME TAX DEDUCTIONS FOR SENIORS.

Plain English Breakdown

The official source material does not provide specific details on which tax deductions are affected or how inflation will be measured and adjusted.

Making Tax Deductions Better for Older People

This law adjusts the income limit required for older people to qualify for personal income tax deductions, increasing it annually based on inflation.

What This Bill Does

• Changes the rules so that older people's income limits for getting tax deductions go up each year based on inflation.

Who It Names or Affects

• Older people who pay personal income taxes and want to claim deductions.

Terms To Know

Inflation

When the prices of goods and services go up over time, making money worth less.

Tax deduction

An amount that can be subtracted from your income before calculating how much tax you owe.

Limits and Unknowns

• The bill does not specify exactly how inflation will be measured or adjusted.
• It is unclear which specific tax deductions this law applies to, only that it affects all of them for seniors.

Official Summary Text

To require that, for seniors, the qualifying income threshold for any personal income tax deduction be indexed to reflect the rate of inflation.

Current Bill Text

LCO No. 274 1 of 1

General Assembly Proposed Bill No. 5066
February Session, 2026 LCO No. 274

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. BUCKBEE, 67th Dist.

AN ACT CONCERNING PERSONAL INCOME TAX DEDUCTIONS FOR
SENIORS.
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 require that, 1
for seniors, the qualifying income threshold for any personal income tax 2
deduction be indexed to reflect the rate of inflation. 3
Statement of Purpose:
To require that, for seniors, the qualifying income threshold for any
personal income tax deduction be indexed to reflect the rate of inflation.