A $2.3 billion fiscal cushion in the new state budget might be fatter by hundreds of millions of dollars.
Child Tax Rebate
A $250-per-child tax rebate is available to single parents in Connecticut with incomes below $100,000 and couples making less than $200,000 annually.
Applications for the rebate were due on July 31, 2o22.
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Lamont, top lawmakers closer to budget deal after key compromises
Gov. Ned Lamont and legislative leaders say they could have a deal on a new state budget by Monday.
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VP Kamala Harris insists Rosa DeLauro take a bow
“Can we please just applaud Rosa?” Harris said. They did.
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House Democrats temper child tax credit to make relief program sustainable
House Democrats tempered their income tax relief plan for households with children to ensure the program continues year after year.
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Two decades in the making, Rosa DeLauro’s plan to cut child poverty in half is on the brink of passing
Since 2003, Rep. Rosa DeLauro has pushed to expand the child tax credit to the nation’s poorest children.
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State Rep. Scanlon launches tax fairness debate with proposed $450M break for poor, middle class families
A new proposal Tuesday would give middle class families with children their largest state income tax break in a decade.
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Senate tax bill would have big impact on CT homeowners, small businesses
WASHINGTON – The Senate decided to go its own way in overhauling the nation’s tax code, and it’s plan would have a different impact on Connecticut taxpayers than a similar House bill. One big change is that Connecticut homeowners would no longer be able to deduct their property taxes on their federal returns.
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GOP tax plan would touch most CT taxpayers, creating winners and losers
WASHINGTON – House GOP leaders unveiled a sweeping overhaul of the U.S. tax code Thursday, eliminating some popular tax breaks while lowering the tax rate for many Americans. Billed as a boon to the middle class by its supporters, the tax overhaul was panned by Democrats — including lawmakers from Connecticut –and some Republicans concerned about its elimination of of the popular deductions for state and local income taxes.
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Trump tax plan would help CT businesses, but eliminate many personal tax breaks
WASHINGTON — President Donald Trump’s tax plan, which he unveiled in Indiana Wednesday, would aid affluent individuals in Connecticut and lower the corporate income tax rate paid by many businesses in the state. But its impact on the state’s middle- and lower-income filers is unclear, in part because the tax plan would eliminate a number of popular deductions.
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CT lawmakers, except Himes, split with party over tax package
WASHINGTON – U.S. Reps. John Larson, Elizabeth Esty, Rosa DeLauro and Joe Courtney split from their party leaders Thursday in voting for a tax package that would make permanent a research and development tax break benefiting many Connecticut companies and tax credits to help low-income families.