An Act Establishing A Child Personal Income Tax Deduction.
Summary
HB 5411 would amend Connecticut General Statutes section 12-701 to create a new personal income tax deduction of $2,000 per child. The bill is narrowly focused and does not describe additional eligibility limits, phase-outs, or administrative details in the text provided. Its stated purpose is to reduce income tax liability for taxpayers with children by allowing a per-child deduction on the state personal income tax return.
If enacted, the bill would change state tax law by adding a child-based deduction to the personal income tax code and would affect taxpayers who claim dependent children. The practical fiscal impact would depend on the number of eligible filers and any implementing rules, but the measure would generally reduce state income tax collections while increasing after-tax income for families with children. Because the bill only amends the deduction provision in section 12-701, it appears to be a targeted tax relief measure rather than a broader tax reform package.
Impact
The bill would amend Connecticut's personal income tax statute to authorize a $2,000 deduction per child, thereby lowering taxable income for eligible taxpayers and reducing state revenue to some degree. It would primarily affect families with dependent children and would require tax administrators to apply the new deduction within the existing income tax framework.
Sentiment
Based on the available record, there is no committee transcript or vote history showing formal debate, opposition, or support. The bill's framing suggests a pro-family tax relief approach, but the provided materials do not include evidence of broader legislative sentiment or any recorded vote.
Contention
No specific points of contention are documented in the materials provided. Potential issues that could arise in discussion include the revenue cost to the state, whether the deduction should be refundable or income-limited, and whether a deduction is the most effective way to provide relief to families. However, none of these concerns are attributed to any legislator or stakeholder in the available record.