AN ACT CONCERNING THE PERSONAL INCOME TAX DEDUCTION FOR INCOME RECEIVED FROM THE STATE TEACHERS' RETIREMENT SYSTEM.

HB 5973 would change Connecticut's personal income tax rules to allow full tax deductions for income received from the State Teachers' Retirement System. Specifically, it amends section 12-701 to let eligible taxpayers deduct 100% of this retirement income, removing any current income-based limits. This directly affects retired teachers who receive payments from the state retirement system. The bill makes the deduction available to all qualifying retirees, regardless of their overall income level.