Budget & Taxes (Tax Credits)

in committee · Connecticut · Senate Feb 6, 2026

SB 96: AN ACT ESTABLISHING TAX CREDITS FOR GROCERY STORES BUILT IN LOW-INCOME AREAS.

This bill establishes tax credits for developers building new grocery stores in designated low-income areas with limited grocery access. It directly affects grocery store developers planning to construct in these underserved neighborhoods. The key provision offers financial incentives through tax credits to encourage new store development. The policy aims to improve grocery access in communities currently lacking sufficient retail food options.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax credits (tax relief) to developers building grocery stores in low-income areas, directly using fiscal policy to incentivize investment and address food access gaps.95% confidence

Sub-Topics Sales Tax Tax Credits Tax Incentives Tags Economic Development

Track

in committee · Connecticut · Senate Feb 4, 2026

SB 75: AN ACT ESTABLISHING A CAREGIVER TAX CREDIT AGAINST THE PERSONAL INCOME TAX.

SB 75 establishes a $500 tax credit against personal income tax for taxpayers who pay for the care of a family member aged 50+ receiving Social Security disability benefits or aged 60+ (with income limits of $200,000 for single filers and $400,000 for married couples filing jointly). The credit directly affects caregivers supporting eligible relatives while meeting federal income thresholds. Key provisions include the fixed credit amount, specific eligibility criteria for the care recipient, and the income limits for qualifying taxpayers. This bill creates a direct tax reduction for qualifying caregivers, with no additional mechanisms or funding details specified.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $500 tax credit for caregivers supporting eligible relatives, reducing tax burden for middle-income families within defined income limits.95% confidence

Sub-Topics Business Taxes Income Tax Tax Credits

Track

in committee · Connecticut · Senate Feb 4, 2026

SB 68: AN ACT RESTORING THE RATE OF THE CREDIT AGAINST THE AFFECTED BUSINESS ENTITY TAX.

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesRestores 93.01% tax credit for businesses, reducing tax liability and providing direct tax relief under Budget & Taxes policy.95% confidence

Sub-Topics Business Taxes Tax Credits

Track

in committee · Connecticut · Senate Feb 4, 2026

SB 71: AN ACT ESTABLISHING A TAX CREDIT FOR PREMIUM PAYMENTS FOR CERTAIN LONG-TERM CARE INSURANCE POLICIES.

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing state income tax liability for qualifying long-term care insurance premiums, offering direct tax relief.95% confidence ✓ HealthcareSupports HealthcareBill creates tax credit for long-term care insurance premiums, directly expanding access to home health care coverage by reducing costs for consumers, advancing healthcare access.95% confidence

Sub-Topics Income Tax Procurement Tax Credits Insurance Long-Term Care

Track

in committee · Connecticut · Senate Feb 9, 2026

SB 98: AN ACT ESTABLISHING A CONNECTICUT DAIRY FARMER TAX CREDIT.

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit for dairy farmers, providing direct tax relief to support operations, aligning with tax relief indicators for Budget & Taxes.95% confidence

Sub-Topics Tax Credits

Track

in committee · Connecticut · Senate Apr 21, 2026

SB 6: AN ACT CONCERNING SUPPORTS FOR CHILDREN AND FAMILIES.

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $600 annual tax credit per dependent child for eligible lower/middle-income families and funds universal school meals via state grants, advancing fiscal support for families and public services.95% confidence ✓ EducationSupports EducationMandates state-funded free school meals for all students (2027), directly increasing access and funding for K-12 schools through state grants.95% confidence

Sub-Topics Tax Credits Student Health

Track

in committee · Connecticut · House Feb 4, 2026

HB 5008: AN ACT ESTABLISHING A SMALL BUSINESS TAX CREDIT.

HB 5008 establishes a $2,080 tax credit per full-time equivalent employee for small businesses meeting the U.S. Small Business Administration's definition (typically businesses with fewer than 500 employees). This credit would directly reduce the state tax liability for qualifying small businesses, providing a concrete financial incentive tied to employee count. The bill amends state tax law to implement this credit, which applies to businesses that meet federal SBA criteria. This policy change specifically targets small business employment costs without altering broader tax structures.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit reducing liability for small businesses, providing direct tax relief per SBA criteria.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Tags Economic Development Small Business

Track

in committee · Connecticut · Senate Feb 4, 2026

SB 76: AN ACT ESTABLISHING A CHILD AND DEPENDENT TAX CREDIT AGAINST THE PERSONAL INCOME TAX.

SB 76 creates a $500 tax credit per eligible child or dependent against personal income tax. It directly affects taxpayers with qualifying dependents, including children under 17, disabled dependents or spouses living with them, or seniors 65+ who aren’t a spouse. The credit phases out for single filers and heads of household earning over $200,000, and for married couples filing jointly earning over $400,000, reducing by 10% for each $1,000 of income above those thresholds. This policy provides direct tax relief for families with qualifying dependents while limiting benefits for higher-income households.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for qualifying dependents, reducing tax burden for middle/lower income families with children, aligning with support indicators.95% confidence

Sub-Topics Business Taxes Income Tax Tax Credits

Track

in committee · Connecticut · Senate Feb 17, 2026

SB 197: AN ACT PROVIDING A FAMILY CAREGIVER TAX CREDIT.

SB 197 creates a new tax credit for family caregivers who pay for the care and support of elderly relatives. It directly affects adult children or other relatives providing unpaid care to older family members. The bill provides a credit against state income tax for eligible out-of-pocket expenses related to that care, such as medical supplies or in-home assistance. This policy change offers financial relief to caregivers by reducing their state tax burden for specific caregiving costs.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing state income tax burden for caregivers, providing direct financial relief to middle-income families through tax reduction.95% confidence

Sub-Topics Income Tax Tax Credits Tags Seniors

Track

in committee · Connecticut · Senate Feb 6, 2026

SB 95: AN ACT ESTABLISHING A CREDIT AGAINST THE PERSONAL INCOME TAX FOR CERTAIN EMPLOYEES OF DEFENSE CONTRACTORS AND OF DIRECT SUPPLIERS AND SUBCONTRACTORS OF DEFENSE CONTRACTORS.

SB 95 creates a $500 credit against personal income tax for employees working at defense contractors or their direct suppliers/subcontractors. To qualify, individuals must earn under $125,000 annually as single filers or under $250,000 as married couples filing jointly. The credit directly benefits lower-to-moderate income workers in the defense supply chain by reducing their state tax burden. This is a specific tax incentive targeting employees in defense-related industries, not a general tax cut. The bill establishes this credit through an amendment to existing tax law.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $500 tax credit for defense workers under income limits, reducing state tax burden for lower-to-moderate earners per bill summary.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides $500 tax credit to defense workers earning under $125k/$250k, increasing disposable income for qualifying employees in labor-intensive industry.85% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives

Track