AN ACT ESTABLISHING A PERSONAL INCOME TAX DEDUCTION FOR NATIONAL GUARD STATE ACTIVE DUTY PAY.

Summary

The measure amends Section 12‑701 of the state tax code, specifying additional items that can be subtracted when computing a taxpayer’s Connecticut adjusted gross income, such as certain exempt dividends, tax refunds, railroad retirement benefits, depreciation allowances, and interest on Connecticut bonds. It is slated to take effect on July 1 2026 for taxable years beginning on or after Jan 1 2026 and would affect any individual filing a Connecticut personal income tax return.

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