The Finance Committee approved bills that increase – and broaden – property and child tax credits for Connecticut residents.
Finance Committee
Posted inMoney
Lawmakers move closer to new tax break for families with kids
The bill would create a new $600-per-child credit for low and middle income families.
Posted inMoney
CT finance panel approves tax cuts for poor and middle class, restaurant bailout
The plan includes one of the largest tax breaks in state history for working class families.
Posted inEnergy & Environment, Money
Green Bank raid upsets business, environmental communities
The raid on the Green Bank and other clean energy programs to help plug the state’s huge budget deficit is bringing together groups often at odds. Environmentalists and business interests, including the state’s most prominent business lobby, agree the raid is a bad idea.
Posted inEducation, Money
One bill to tax Yale moves forward, another dies
The legislature’s tax-writing committee Thursday approved a bill that would allow New Haven to begin taxing commercial property owned by Yale, but let die a controversial bill backed by the leader of the state Senate that would have allowed the state to tax the earnings of the Ivy League university’s multi-billion-dollar endowment. Yale has opposed both bills.
Posted inMoney, Politics
CT budget chief: GOP business tax cut ‘worth considering’
Gov. Dannel P. Malloy’s budget chief left the door open Thursday for the administration to support a House Republican initiative to provide $60 million in tax relief to small businesses.