Sentences with phrase «tax retired teachers»
They would include exempting non-prescription drugs from the state sales tax and slashing the amount of income tax retired teachers pay on their pensions.
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The proposal includes a $ 55 gas and sales tax refund to taxpayers, and tax breaks for retired teachers, as well as the expansion of rental subsidies for seniors, housing for homeless veterans and an expansion of early childhood education.
A tax break for retired teachers and the removal of the state sales tax on non-prescription drugs are among the proposals.
The news that Malloy is reneging on his promise to give retired teachers a tax break will come as no surprise to Connecticut's active and retired teachers.
Malloy's proposal specifically would exempt 25 percent of retired teachers» pensions from state income taxes retroactive to Jan. 1.
CEA will oppose any reduction to the income tax reduction for retired teachers.
«When retired teachers still living in Connecticut file their income tax returns next spring, 10 percent of their pensions will be exempted, saving them an estimated $ 11.8 million.
As predicted, Governor Dannel «Dan» Malloy has reneged on his promised tax break to Connecticut's retired teachers.