AN ACT CONCERNING THE PERSONAL INCOME TAX DEDUCTIONS FOR SOCIAL SECURITY BENEFITS.

SB 182 would change how Connecticut taxes Social Security benefits. It proposes two options: either exempt all Social Security benefits from state income tax for every taxpayer, or adjust the income thresholds for tax deductions on these benefits annually based on changes in the consumer price index (inflation). This bill directly affects Connecticut residents who receive Social Security benefits and pay state income tax. The key change would reduce or eliminate the tax burden on these benefits for qualifying individuals.