SB 127 increases state funding for Connecticut's public higher education system by appropriating $91 million for the University of Connecticut, $76 million for the Board of Regents for Higher Education, and $72 million for Connecticut State Colleges and Universities and Connecticut State Community Colleges. The funding, allocated for the 2026-2027 fiscal year, directly supports these institutions' operations and programs. The bill's stated purpose is to provide additional resources to help more Connecticut students afford college. This represents a concrete policy change in state budget allocations for public higher education.
SB 104 would impose a 1.75% surcharge on net gains from selling capital assets (like stocks or real estate) for Connecticut taxpayers with adjusted gross income meeting the threshold for the state's highest and second-highest marginal tax brackets. It directly affects high-income earners whose income level triggers the top tax rates under current law. The surcharge applies only to capital gains, not ordinary income, and is calculated as a percentage of the net gain from qualifying sales. This is a specific tax rate change affecting a defined income group, not a broad policy overhaul.
SB 38 imposes a capital gains tax on endowment funds at institutions of higher education valued at over $500,000 per student. The tax applies to growth in these endowments and generates revenue specifically for reducing required contributions to Connecticut's Paid Family and Medical Leave Insurance Program (Section 31-49g). This bill directly affects public and private universities meeting the per-student endowment threshold. The policy change shifts revenue from higher education endowments to lower costs for workers participating in the state's leave insurance program.
SB 102 redirects an additional 1% sales tax on meals sold by restaurants, caterers, and grocery stores to the specific municipalities where the sales occur. The bill requires that this tax revenue, collected from food purchases at these businesses, be distributed directly to the local governments (cities or towns) where the transactions happened. This changes how the tax revenue is allocated, shifting it from a state-level pool to the communities generating the income. The policy directly affects eateries, caterers, grocery stores, and the municipalities receiving the redistributed funds.
SB 68 restores a 93.01% tax credit against the "affected business entity tax" by amending Chapter 228z of the general statutes. This bill directly affects businesses subject to the affected business entity tax by increasing the credit they can claim against their tax liability. The key provision changes the credit rate back to 93.01%, reversing a prior reduction. This is a straightforward policy adjustment to the tax code with no additional requirements or new programs.
SB 71 establishes a state income tax credit for individuals or groups who pay premiums for long-term care insurance policies covering home health care services. It directly affects residents purchasing qualifying long-term care insurance that provides benefits for care received in their homes. The bill allows taxpayers to reduce their state income tax liability by the amount paid in premiums for these specific policies. This policy change provides a financial incentive for securing home-based long-term care coverage.
SB 98 establishes a tax credit program for Connecticut dairy farmers, modeled after Massachusetts' existing program. The bill directly affects Connecticut dairy farmers by providing them with tax relief to support their operations. Key provisions include creating a state-level tax credit that mirrors the structure of the Massachusetts dairy farmer tax credit, though specific credit amounts or eligibility details are not specified in the provided text. This policy change aims to bolster the state's dairy industry through targeted financial assistance.
HB 5124 requires the state to fully reimburse municipalities for lost property tax revenue caused by a veterans' tax exemption under Connecticut law (section 12-81(83)). It appropriates funds from the General Fund for the 2026-2027 fiscal year to cover this revenue loss directly affecting local governments. The bill creates a mechanism where municipalities submit claims for reimbursement, and the state pays the full amount of revenue lost due to the exemption. This policy change ensures municipalities aren’t financially burdened by the existing veterans' tax exemption. It applies specifically to the exemption for veterans' property tax relief established in statute.
SB 6 establishes a $600 annual tax credit per dependent child for eligible taxpayers with up to three children, phased out for higher-income households (e.g., $100k+ for single filers). It mandates all public school districts to provide free breakfast and lunch to every student in the 2027 fiscal year, funded by state grants. The bill also prohibits certain convicted individuals (e.g., for specific sex offenses) from sharing a home with a minor child unless they are the biological or adoptive parent, with exceptions for finalized adoptions. Additionally, it requires correctional facilities to notify child welfare agencies when such individuals are released, triggering case reviews for children under protective services.
SB 152 appropriates $250,000 from the General Fund to the Department of Housing for the 2026-2027 fiscal year. The funds will hire additional full-time staff to inspect housing units participating in the state's rental assistance program, ensuring they comply with health, housing, building, and safety codes. This directly affects tenants in the rental assistance program and landlords receiving program funds, as inspections will verify housing safety standards. The bill takes effect July 1, 2026, and focuses solely on funding inspection staffing without changing eligibility or benefit amounts.
