Department of Revenue Services

Recent Posts

Despite unsolved deficit, CT must observe sales tax holiday

Connecticut remains without a budget six weeks into the new fiscal year, but by law officials must still move forward with the state’s 17th-annual sales tax holiday later this month. The Department of Revenue Services estimates the state will miss out on about $4.1 million in revenue. Continue Reading →

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Burned once, state upbeat on new office projects

Capitalizing on a soft real estate market, the state purchased three Hartford office towers in the early 1990s. But two of the deals quickly proved to be losers, a cautionary tale as the Malloy administration is investing in real estate to escape expensive leases. So far, the state is having better luck this time. Continue Reading →

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Most states faced plunging income tax receipts this April

Gov. Dannel P. Malloy took a political blow this April when plunging income tax receipts nixed his plans for an election-year rebate. But according to a new report from a nationally recognized public-policy, think-tank, Connecticut officials had lots of company nationally dealing with tax deadline chaos.
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