Substitute Senate Bill No. 1443 aims to enhance support for the families of correction officers, investigators, and other first responders who are killed in the line of duty by establishing the "Fallen Officer and Investigator Fund." This fund will provide a lump sum death benefit of $100,000 to the surviving family members of deceased officers or investigators, with the Comptroller responsible for managing the fund and disbursing benefits. The bill also mandates the provision of group hospitalization and medical insurance for the surviving spouses and dependent children of these individuals, effective July 1, 2025. Additionally, the bill requires the Comptroller to submit an annual report on fund expenditures and balances, ensuring transparency and accountability.

In terms of tax law amendments, the bill modifies existing provisions related to the computation of Connecticut adjusted gross income, particularly concerning Social Security benefits and various types of income. It introduces new language that allows for a gradual increase in the percentage of pension and annuity income that can be deducted based on federal adjusted gross income, as well as provisions for the deduction of IRA distributions and contributions to manufacturing reinvestment accounts. The bill also repeals certain outdated language and clarifies definitions related to insurance coverage for state employees and their dependents. Overall, sSB1443 seeks to provide financial relief and support to the families of first responders while updating tax regulations to reflect current economic conditions.

Statutes affected:
Raised Bill: 12-701
JUD Joint Favorable: 12-701
File No. 775: 12-701