Connecticut legislation · 2026 General Assembly
Connecticut HB5445: AN ACT CONCERNING THE AMORTIZABLE BOND PREMIUM SUBTRACTION FOR PURPOSES OF THE PERSONAL INCOME TAX.
Status: In committee, April 16, 2026
What the bill says
An act concerning the amortizable bond premium subtraction for purposes of the personal income tax. assembly convened.
From the introduced text:
AN ACT CONCERNING THE AMORTIZABLE BOND PREMIUM SUBTRACTION FOR PURPOSES OF THE PERSONAL INCOME TAX. Assembly convened: Section 1. Subparagraph (B) of subdivision (20) of subsection (a) of section 12-701 of the 2026 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective January 1, 2027, and applicable to taxable years commencing on or after January 1, 2027): (B) There shall be subtracted therefrom: (i) To the extent properly includable in gross income for federal income tax purposes, any income with respect to which taxation by any state is prohibited by federal law; (ii) To the extent allowable under section 12-718, exempt dividends paid by a regulated investment company; (iii) To the extent properly includable in gross income for federal income tax purposes, the amount of any refund or credit for LCO No. 2399 1 of Raised Bill No. 5445 overpayment of income taxes imposed by this state, or any other state of the United States or a political subdivision thereof, or the District of Columbia; (iv) To the extent properly includable in gross income for federal income tax purposes and not otherwise subtracted from federal adjusted gross income pursuant to clause (x) of this subparagraph in computing Connecticut adjusted gross income, any tier 1 railroad retirement benefits; (v) To the extent any additional …
Sponsors
- Devin Carney (R, 23) · primary sponsor
Latest actions
- : File Number 668
- : House Calendar Number 442
- : Favorable Report, Tabled for the Calendar, House
- : Reported Out of Legislative Commissioners' Office
- : Referred to Office of Legislative Research and Office of Fiscal Analysis 04/15/26 5:00 PM
- : Filed with Legislative Commissioners' Office
- : Joint Favorable
- : Public Hearing 03/11
- : Referred to Joint Committee on Finance, Revenue and Bonding
Votes
- FIN Vote Tally Sheet (Joint Favorable) (March 30, 2026): 54 yea, 0 nay, passed
Subjects: Bonds
Common questions
- What is HB5445?
- HB5445 is a bill in the Connecticut Legislature (2026 General Assembly): AN ACT CONCERNING THE AMORTIZABLE BOND PREMIUM SUBTRACTION FOR PURPOSES OF THE PERSONAL INCOME TAX.
- What does HB5445 do?
- In its own words: An act concerning the amortizable bond premium subtraction for purposes of the personal income tax. assembly convened.
- What is the status of HB5445?
- In committee as of April 16, 2026. Latest action: File Number 668 (April 16, 2026).
- Who sponsored HB5445?
- Devin Carney (R, 23).
- Where is the official record for HB5445?
- On the Connecticut Legislature website: https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05445&which_year=2026
Source: official Connecticut record. Tracked by Delilah, AI for legislation across all 50 states and Congress.