Plain English Breakdown
The bill has passed both chambers but is currently referred to a committee; final enactment status depends on further action not shown in the text.
Tax Deduction for Utility Public Benefit Charges
This bill creates a personal income tax deduction for the total amount of public benefit charges paid by taxpayers on their utility bills during a taxable year.
What This Bill Does
- Amends section 12-701 of the general statutes to establish a new deduction.
- Allows taxpayers to deduct the total amount of public benefit charges from their personal income tax.
Who It Names or Affects
- Taxpayers who pay public benefit charges on utility bills
Limits and Unknowns
- The effective date is not listed in the provided source material.
- The specific definition of which utility bills qualify is not detailed in this excerpt.