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Local lawmaker wants tax breaks considered

New Milford state Representative Bill Buckbee has introduced three bills that could come before the legislature's Finance Revenue and Bonding Committee during the newly opened General Assembly session.  One would reestablish the Job Expansion Tax Credit Program.  Another would be to exempt any stipend paid by a municipality to a volunteer firefighter or ambulance member from the personal income tax.  He's also proposing that for seniors, qualifying income thresholds for personal income tax deductions be adjusted for inflation, and that  income from individual retirement accounts be exempt from the personal income tax starting now, rather than the current phase-out schedule.

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Dave Rinelli

Local Headlines