The child tax rebate is available to single parents who earned $100,000 or less and to couples who make $200,000 or less.
The nearly 23% increase comes six months before Connecticut is set to implement a new highway use tax on large commercial trucks.
Gov. Ned Lamont’s proposal waives penalties and caps interest at 3% over each of the next two fiscal years.
A Connecticut agency has new digital tool that can be used anytime, anywhere and on any device.
Scott D. Jackson is stepping down next month as the state’s tax man to become the chief administrative officer of New Haven under the incoming mayor, Justin Elicker.
Kevin Sullivan, the commissioner of revenue services since Gov. Dannel P Malloy took office in January 2011, will step down for a private-sector job on May 10, the day after the General Assembly adjourns its regular session for 2018.
Gov. Dannel P. Malloy warned Thursday that the sweeping federal tax changes under consideration on Capitol Hill would devastate both Connecticut’s and the nation’s economies.
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.
In case you were wondering, the Connecticut Department of Revenue Services says it’s checked, and there is no evidence that the Donald J. Trump tax returns obtained by the New York Times came from DRS.
Kevin Sullivan, the state commissioner of revenue services, issued a public apology Friday for an agency error that caused about 120,000 taxpayers to overstate the value of a property tax credit, resulting in about $12 million in underpayments to the state.
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.
Thrown a last-minute challenge to collect an extra $75 million in revenue for the past fiscal year, state tax officials topped the mark, collecting nearly $86 million in miscellaneous receipts before the fiscal year ended on June 30.
Connecticut consumers will look to save an estimated $7- $9 million starting Sunday and running through Saturday, Aug. 23, as the state offers its 15th annual sales-tax-free week.
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.
Connecticut’s trucking industry will get its first break – albeit a small one — at the fuel pumps in four years this summer, according to a new rate released by the state’s tax department.