Budget & Taxes

in committee · Connecticut · House Feb 11, 2026

HB 5186: AN ACT CONCERNING THE AFFECTED BUSINESS ENTITY TAX AND THE CREDIT RELATED THERETO AND ESTABLISHING A SURCHARGE ON THE AMOUNT OF FEDERAL QUALIFIED BUSINESS INCOME DEDUCTIONS CLAIMED BY CERTAIN FILERS.

HB 5186 adjusts Connecticut's affected business entity tax and related credits for businesses claiming federal qualified business income deductions. It adds a 1% surcharge on the business entity tax and a 10% surcharge on federal deductions claimed by filers in the highest tax bracket. The bill also modifies tax credits: reducing the credit to 83.6% for high-bracket filers while increasing it to 93.01% for lower-bracket filers. These changes directly impact businesses using federal pass-through income deductions, particularly those in Connecticut's top tax rate category.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes surcharges on high-bracket filers' federal deductions while increasing credits for lower-bracket entities, promoting progressive tax fairness and closing loopholes for wealthy businesses.90% confidence

Sub-Topics Business Taxes Fees & Licensing Income Tax

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in committee · Connecticut · Senate Feb 4, 2026

SB 74: AN ACT ESTABLISHING A TAX CREDIT FOR DAIRY FARMERS.

SB 74 would create a $20 million state tax credit for dairy farmers to help offset income losses during periods when milk prices drop. The credit directly affects dairy farmers in the state who experience cyclical price fluctuations in milk sales. The bill establishes this tax credit as a fixed pool, meaning it would provide financial relief to eligible farmers when milk prices fall below certain levels. This is a direct policy change to support dairy farm revenue stability, not a procedural measure.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $20M tax credit for dairy farmers, providing direct tax relief during price drops. Directly advances tax policy to support agricultural revenue stability.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Credits Tags Agriculture

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in committee · Connecticut · Senate Feb 11, 2026

SB 130: AN ACT CONCERNING FUNDING FOR THE DAIRY INDUSTRY.

SB 130 allocates $20 million from the General Fund to the Department of Agriculture for the fiscal year ending June 30, 2027, specifically to support dairy farmer sustainability. This funding directly assists dairy farmers in the state by providing financial resources to address industry challenges. The bill is a straightforward funding measure with no additional policy provisions beyond the appropriation.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $20M from General Fund to support dairy industry sustainability, advancing state budget funding for agricultural programs.95% confidence

Sub-Topics Appropriations State Budget

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in committee · Connecticut · House Apr 15, 2026

HB 5304: AN ACT CONCERNING LONG-TERM CARE INSURANCE PREMIUM RATES.

This bill (HB 5304) is mislabeled in its title; it does not address long-term care insurance premiums. Instead, it amends Connecticut’s income tax code by repealing and replacing a specific subsection (12-701(a)(20)(B)) that details allowable adjustments to gross income for tax calculation. The key provision adds detailed deductions for items like Social Security benefits (based on income thresholds), state bond interest, and certain federal tax refunds. It directly affects Connecticut taxpayers who itemize deductions under state law, particularly those with income subject to federal tax exemptions. The changes apply to taxable years starting January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesAdds tax deductions for Social Security benefits, state bond interest, and federal tax refunds, providing relief to taxpayers. Directly amends income tax code.85% confidence

Sub-Topics Income Tax

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in committee · Connecticut · Senate Feb 4, 2026

SB 21: AN ACT CONCERNING FUNDING FOR THE DISPOSAL OF DEBRIS FROM THE MOUTH OF THE HOUSATONIC RIVER.

This bill appropriates $150,000 from the General Fund to the Department of Energy and Environmental Protection for the fiscal year ending June 30, 2027. The funds are specifically designated to cover the disposal of surface debris at the mouth of the Housatonic River in Stratford. The bill directly affects the town of Stratford and the state's environmental cleanup efforts by providing targeted funding for this specific debris removal project. It does not create new regulations or alter existing laws, but rather allocates existing budget resources for a defined environmental maintenance task.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $150k from General Fund for environmental cleanup, directly increasing state budget allocation for a public service project.95% confidence ✓ EnvironmentSupports EnvironmentFunds debris removal at Housatonic River mouth for environmental cleanup, directly supporting pollution control and conservation efforts per bill summary.95% confidence

Sub-Topics State Budget

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in committee · Connecticut · Senate Feb 4, 2026

SB 24: AN ACT CONCERNING FUNDING FOR THE OFFICE OF DYSLEXIA AND READING DISABILITIES.

SB 24 appropriates funds from the General Fund to the Department of Education for the Office of Dyslexia and Reading Disabilities' operational costs during the 2026-2027 fiscal year. The bill directly provides financial support to this specific office, which focuses on dyslexia and reading disabilities initiatives. It establishes a dedicated budget for the office's day-to-day operations, without altering existing programs or eligibility requirements. This is a procedural funding measure, not a policy change affecting individuals or schools.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates General Fund money for operational costs of a specific educational office, directly funding an essential public service program.95% confidence ✓ EducationSupports EducationBill allocates specific funds to Office of Dyslexia and Reading Disabilities for operational costs, directly advancing educational support for students with disabilities through dedicated funding.95% confidence

Sub-Topics State Budget

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in committee · Connecticut · House Feb 6, 2026

HB 5068: AN ACT CONCERNING REIMBURSEMENTS TO MUNICIPALITIES FOR REVENUE LOSS ASSOCIATED WITH A VETERANS PROPERTY TAX CREDIT.

HB 5068 requires the state to reimburse municipalities 50% of the revenue they lose when granting veterans a property tax exemption under Section 12-81(83) of state law. This directly affects local governments that administer the veterans property tax credit program, covering the cost of lost property tax revenue. The bill establishes a clear reimbursement mechanism where the state funds half of the revenue shortfall caused by the exemption. It aims to offset the financial burden on municipalities without altering the existing veterans tax credit eligibility or administration rules.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates state reimbursement of 50% revenue loss to municipalities from veterans tax exemptions, directly funding local governments to offset fiscal impact of tax policy, aligning with fiscal responsibility and funding support.85% confidence ✓ VeteransSupports VeteransBill reimburses municipalities 50% for lost revenue from veterans' property tax exemptions, ensuring continued access to tax benefits without local financial burden.95% confidence

Sub-Topics Debt & Bonds Property Tax Tax Incentives Memorials & Recognition Veteran Housing

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in committee · Connecticut · Senate Feb 4, 2026

SB 60: AN ACT CONCERNING THE SALES AND USE TAXES RATE.

This bill would lower Connecticut's general sales tax rate from 7% to 6% and eliminate a separate 1% tax on meals sold at restaurants, caterers, and grocery stores. It directly affects businesses selling taxable goods and meals, as well as consumers who pay these taxes. The key changes are reducing the overall sales tax rate and removing the additional tax specifically for food purchases. The bill aims to decrease the tax burden for these transactions.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill lowers sales tax rate and eliminates meal tax, reducing burden on consumers/businesses - direct tax relief aligning with support indicators.95% confidence

Sub-Topics Business Taxes Sales Tax

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in committee · Connecticut · House Feb 10, 2026

HB 5136: AN ACT DEDICATING THE REVENUE GENERATED FROM SALES AND USE TAXES IMPOSED ON MEALS SOLD BY AN EATING ESTABLISHMENT, CATERER OR GROCERY STORE TO CERTAIN PURPOSES.

HB 5136 dedicates an additional 1% sales and use tax collected on meals sold by restaurants, caterers, and grocery stores to two specific purposes. The revenue must be distributed to the municipalities where the tax was collected and deposited into the state's Tourism Fund (under § 10-395b). This bill directly affects businesses selling prepared meals and the local governments receiving the redistributed funds. It creates a new, mandatory allocation for this tax revenue stream without changing the tax rate itself.

Topics ✓ Budget & TaxesSupports Budget & TaxesDedicates 1% meal tax revenue to municipalities and Tourism Fund, creating mandatory allocation for public funding without tax rate changes.95% confidence

Sub-Topics Revenue Sales Tax

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in committee · Connecticut · House Mar 18, 2026

HB 5286: AN ACT CONCERNING A MUNICIPAL TAX ABATEMENT FOR SURVIVING DOMESTIC PARTNERS OF POLICE OFFICERS, FIREFIGHTERS AND EMERGENCY MEDICAL TECHNICIANS.

HB 5286 allows municipalities to create property tax abatement programs for surviving domestic partners of police officers, firefighters, and emergency medical technicians who die while on duty. The bill replaces existing law (which only covered surviving spouses) to explicitly include domestic partners, as defined by local ordinance, who own and live in the property as their primary residence. Municipalities would need to adopt specific ordinances to implement this tax relief, effective October 1, 2026. This policy directly affects eligible surviving domestic partners of covered first responders in communities that choose to adopt the program.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax abatement (relief) for specific groups, aligning with tax relief indicators under Budget & Taxes.90% confidence

Sub-Topics Property Tax Tax Incentives

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