AN ACT EXEMPTING SOCIAL SECURITY BENEFITS AND PENSION OR ANNUITY INCOME FROM THE PERSONAL INCOME TAX.

SB 70 would exempt all Social Security benefits and pension or annuity income from state personal income tax for every taxpayer. This policy change directly affects residents receiving these income types, removing them from the taxable base. The bill amends Section 12-701 of the general statutes to implement this universal exemption. It creates a concrete tax relief measure without altering other income tax provisions.