The CT Mirror (https://ctmirror.org/tag/tax-breaks/)
WASHINGTON — Gov. Dannel P. Malloy on Tuesday pledged tens of millions of dollars in state funds, loans and tax breaks to help Electric Boat ramp up for increased submarine production in Connecticut. Continue Reading →
WASHINGTON — The proposal, which will be considered later this month in a series of hearings, includes replacement of the law’s subsidies that help people buy insurance with tax credits based on a person’s age, not income, and elimination of federally mandated basic benefits in an insurance plan. Continue Reading →
WASHINGTON — Congress dealt a key – and growing – Connecticut industry a blow by failing to extend a fuel cell tax break at the end of the year – an omission that could cost the state jobs. Continue Reading →
WASHINGTON — GOP plans to repeal the Affordable Care Act would affect individuals who’ve been purchasing their coverage on state exchanges or through the expansion of Medicaid the most, but some who receive their health care from their employers are also likely to be affected. Continue Reading →
Connecticut’s fuel cell industry, one of the most robust in the nation, is up against a powerful coalition that includes the Koch brothers and other conservative interest groups who want to end an important tax break for the industry. Continue Reading →
WASHINGTON — The Navy lauded Connecticut’s effort to help Lockheed Martin cut the cost of the CH53K King Stallion, a new heavy-lift helicopter for the Marines, but the Navy and the company still are negotiating over the contract for the huge new helicopter. Continue Reading →
WASHINGTON — Lockheed Martin was considering South Carolina, Florida and other states as places to build Sikorsky’s new CH-53K King Stallion helicopter – a Defense Department program expected to cost at least $25 billion – when the company and Gov. Dannel P. Malloy struck a deal to keep the work in Connecticut. Continue Reading →
WASHINGTON — Since Donald Trump has declined to release his tax returns, Sen. Chris Murphy is backing a way to make them public – a bill that would force the issue. The effort is part of a renewed Democratic campaign over Trump’s tax filings. Continue Reading →
Gov. Dannel P. Malloy vetoed two bills Thursday, siding with municipalities on one that would have allowed 100-percent property tax breaks in perpetuity for non-profit and for-profit arts entities. The other would have enhanced legislative oversight over economic-development incentives, and Comptroller Kevin P. Lembo called that veto “deeply troubling.” Continue Reading →
A hyper-busy Congress accomplished this week much of what it wasn’t able to do all year. Continue Reading →
WASHINGTON – For two days in a row, Rep. Elizabeth Esty has split with the White House and the rest of the Connecticut delegation on two bills that would make a series of tax breaks permanent. Continue Reading →
WASHINGTON — Bucking her party and the White House, Rep. Elizabeth Esty on Thursday helped House Republicans approve by a veto-proof margin a bill opposed by the Obama administration. Continue Reading →
WASHINGTON – Unless Congress acts soon, Connecticut commuters, students, homeowners and businesses will lose a number of valuable tax credits and deductions. These credits and deductions, known as “extenders,” aren’t a permanent part of the tax code and must be renewed by Congress from time to time.
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WASHINGTON – When you think of NASCAR, Connecticut does not immediately come to mind. But the state has three small NASCAR racetracks that benefit from a tax provision that disappeared – with about 50 others – because Congress did not extend them last year. Continue Reading →