Proposed Bill No. 5085, introduced by Representative Foncello of the 107th District, aims to amend Title 12 of the general statutes to eliminate the personal income tax on distributions from individual retirement accounts (IRAs). The bill proposes that this tax exemption applies regardless of the income level of the individual receiving the distribution.

The purpose of the bill is clearly stated as intending to remove the personal income tax burden from individuals who are withdrawing from their IRAs. There are no specific insertions or deletions from the current law mentioned in the text provided, but the bill's intent is to create a new provision that exempts all IRA distributions from state income tax.