tax breaks

Recent Posts

GOP gives House members proposal to repeal, replace the ACA

WASHINGTON — The proposal, which will be considered later this month in a series of hearings, includes replacement of the law’s subsidies that help people buy insurance with tax credits based on a person’s age, not income, and elimination of federally mandated basic benefits in an insurance plan. Continue Reading →

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CT business community on watch over ACA repeal effort

WASHINGTON — GOP plans to repeal the Affordable Care Act would affect individuals who’ve been purchasing their coverage on state exchanges or through the expansion of Medicaid the most, but some who receive their health care from their employers are also likely to be affected. Continue Reading →

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Koch brothers, others seek to quash tax break that aids CT fuel cell industry

Connecticut’s fuel cell industry, one of the most robust in the nation, is up against a powerful coalition that includes the Koch brothers and other conservative interest groups who want to end an important tax break for the industry. Continue Reading →

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CT beat out S.C., Florida, others for billions in helicopter work

WASHINGTON — Lockheed Martin was considering South Carolina, Florida and other states as places to build Sikorsky’s new CH-53K King Stallion helicopter – a Defense Department program expected to cost at least $25 billion – when the company and Gov. Dannel P. Malloy struck a deal to keep the work in Connecticut. Continue Reading →

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Malloy vetoes tax breaks passed on final night of session

Gov. Dannel P. Malloy vetoed two bills Thursday, siding with municipalities on one that would have allowed 100-percent property tax breaks in perpetuity for non-profit and for-profit arts entities. The other would have enhanced legislative oversight over economic-development incentives, and Comptroller Kevin P. Lembo called that veto “deeply troubling.” Continue Reading →

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Deadline looms for Congress to extend popular tax breaks

WASHINGTON – Unless Congress acts soon, Connecticut commuters, students, homeowners and businesses will lose a number of valuable tax credits and deductions. These credits and deductions, known as “extenders,” aren’t a permanent part of the tax code and must be renewed by Congress from time to time.
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Connecticut NASCAR tracks at risk of losing tax break

WASHINGTON – When you think of NASCAR, Connecticut does not immediately come to mind. But the state has three small NASCAR racetracks that benefit from a tax provision that disappeared – with about 50 others – because Congress did not extend them last year. Continue Reading →

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