Making CT AffordableMarch 2, 2017
We need to do more to ensure that students who earn a world-class education in our state go on to join Connecticut’s workforce. That’s why I support HB 5586.
This bill will provide a tax credit to any college graduate who decides to remain in Connecticut. To be eligible, they must meet these requirements:
- Be employed in the state of Connecticut
- Receive a degree on or after January 1, 2018 from an accredited institution of higher education
- Live in Connecticut within two years after receiving the degree
Participants will be able to claim the tax credit against their personal income tax for five successive years.
Many retirees in Connecticut are struggling to keep up with the costs of living. Stretching a fixed income to cover day-to-day expenses and increased medical expenses is a big, if not impossible, challenge. That’s why I am supporting HB 5587 to help ease the burden on seniors.
This bill will eliminate the state income tax on Social Security payments for residents 62 years of age and older. Connecticut is one of only thirteen states that taxes Social Security payments. It is time we catch up with the rest of the country.