AN ACT CONCERNING THE CORPORATION BUSINESS TAX SURCHARGE.

SB 106 amends Connecticut's tax law to end the corporation business tax surcharge earlier than previously scheduled. It changes the sunset date from January 1, 2026, to the current fiscal year (2025). This bill directly affects corporations subject to Connecticut's business tax surcharge by eliminating the additional tax obligation sooner. The key mechanism is a statutory amendment to chapter 208 of the general statutes, accelerating the termination of the surcharge. The change is purely procedural, with no new tax rates or exemptions added.