tax breaks

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CT business community on watch over ACA repeal effort

The Access Health CT website offers health care coverage for small businesses.

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

Energy 2013 Bport Fuel Cell

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

Sikorsky's new heavy lift helicopter in flight testing.

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 assesses the state if budget negotiations for reporters Friday night.

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

Stafford Motor Speedway Facebook image

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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