Gov. Dannel P. Malloy’s administration warns the scramble to adjust to federal tax changes could produce a one-time revenue bubble here that might fool state legislators into underestimating serious problems with Connecticut’s finances.
Kevin B. Sullivan
Posted inMoney
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.
Posted inPolitics
For the record, DRS says NYT didn’t get Trump returns from us
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.
Posted inHealth
State rejects challenge to the hospital tax
Two state agency heads have ruled against Connecticut hospitals’ claims that the state tax on hospitals is illegal, clearing the way for the industry to take the state to court.
Posted inMoney, Politics
CT tax department says it surpassed $75M collection target
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.
Posted inMoney
CT keeps debit card income tax refunds on backburner
The Department of Revenue Services, which recently downgraded the role of debit cards, is now seeking funds to maintain old-fashioned paper checks as the default refund option through spring of 2015.