The proposed bill, General Assembly Proposed Bill No. 5087, aims to amend chapter 229 of the general statutes to establish personal income tax deductions for tips or gratuities and overtime pay. Specifically, the bill seeks to create deductions that align with the existing federal income tax deductions for these types of income, allowing taxpayers to benefit from similar tax relief at the state level.

The bill does not include any deletions from current law but introduces new legal language to implement these personal income tax deductions. The intent of the legislation is to provide financial relief to individuals who receive tips or gratuities and those who earn overtime pay, thereby supporting workers in industries where such income is prevalent.