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New Member
posted Jun 4, 2019 7:01:18 PM

The program is telling me to take 25% off the ct teachers retirement it should be 50%

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1 Best answer
Level 15
Jun 4, 2019 7:01:20 PM

The budget that just passed maintains the exemption for the taxable years commencing January 1, 2017 and January 1, 2018,  at 25%. The exemption would increase to 50% beginning in the taxable year commencing January 1, 2019 and each taxable year thereafter.

http://www.ct.gov/trb/cwp/view.asp?A=1598&Q=558106

1 Replies
Level 15
Jun 4, 2019 7:01:20 PM

The budget that just passed maintains the exemption for the taxable years commencing January 1, 2017 and January 1, 2018,  at 25%. The exemption would increase to 50% beginning in the taxable year commencing January 1, 2019 and each taxable year thereafter.

http://www.ct.gov/trb/cwp/view.asp?A=1598&Q=558106