The proposed bill, General Assembly Proposed Bill No. 5097, aims to amend section 12-701 of the general statutes by eliminating the qualifying income thresholds for personal income tax deductions related to Social Security benefits, pension or annuity income, and certain distributions from individual retirement accounts (IRAs). This change would allow individuals to claim these deductions regardless of their income level, potentially providing tax relief to a broader range of taxpayers. The intent of the bill is to simplify the tax process for retirees and individuals receiving Social Security benefits by removing the existing income thresholds that currently limit eligibility for these deductions. By doing so, the bill seeks to enhance financial support for individuals relying on these sources of income, thereby promoting economic stability for retirees and those with fixed incomes.