Budget & Taxes (Income Tax)

in committee · Connecticut · House Feb 6, 2026

HB 5053: AN ACT ESTABLISHING A TAX CREDIT FOR DONATIONS MADE TO CONNECTICUT-BASED CHARITIES.

HB 5053 would create a tax credit for Connecticut taxpayers who donate to charities based in Connecticut. This credit would allow donors to reduce their state income tax bill by a portion of their donation amount. The bill specifically applies to donations made to charities headquartered or operating within Connecticut. It does not alter existing charitable deduction rules but provides a new credit for qualifying in-state donations.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing state income tax for CT charity donations, providing direct tax relief and incentivizing local charitable giving within fiscal framework.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Connecticut · Senate Feb 11, 2026

SB 186: AN ACT ESTABLISHING A REFUNDABLE CREDIT AGAINST THE PERSONAL INCOME TAX FOR VOLUNTEER FIRST RESPONDERS.

SB 186 establishes a $2,000 refundable credit against personal income tax for volunteer firefighters, emergency medical technicians (EMTs), paramedics, and civil preparedness staff. This credit directly benefits these unpaid volunteers by reducing their tax liability, and if the credit exceeds their tax owed, they receive the difference as a cash refund. The bill amends the state tax code to create this refundable credit, providing financial recognition for their service without requiring them to pay additional taxes. It does not alter existing tax rates or apply to paid first responders.

Topics ✓ Budget & TaxesSupports Budget & TaxesRefundable $2,000 tax credit directly reduces tax liability for volunteer first responders, providing targeted tax relief to lower-income public service volunteers.95% confidence

Sub-Topics Income Tax Sales Tax Tax Credits Tags Public Safety

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in committee · Connecticut · House Feb 20, 2026

HB 5133: AN ACT INCREASING THE HIGHEST MARGINAL RATE OF THE PERSONAL INCOME TAX.

HB 5133 increases the highest marginal personal income tax rate from 6.99% to 7.99%. This change directly affects high-income earners who currently pay the top tax rate under the state's income tax structure. The bill amends Section 12-700 of the general statutes to implement this specific percentage increase, with no other provisions or mechanisms described in the text. The measure focuses solely on adjusting the tax rate for the highest income bracket.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases top income tax rate (6.99%→7.99%) for high earners, aligning with progressive fiscal policy to enhance revenue from highest bracket.95% confidence

Sub-Topics Income Tax

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in committee · Connecticut · Senate Feb 4, 2026

SB 41: AN ACT ESTABLISHING A PERSONAL INCOME TAX DEDUCTION FOR CERTAIN TAXPAYERS FOR CERTAIN CAPITAL GAINS ON THE SALE OF A PRIMARY HOME.

SB 41 creates a state tax deduction for Connecticut taxpayers aged 65 or older who sell their primary home. It allows these seniors to deduct capital gains (the profit from the sale) that are already counted as taxable income for federal tax purposes. The deduction applies only to gains from selling a primary residence, not rental properties or second homes. This policy directly affects older homeowners by reducing their state income tax bill on the profit from their main residence sale.

Topics ✓ Budget & TaxesSupports Budget & TaxesSB 41 provides targeted tax relief to seniors by creating a state income tax deduction for capital gains on primary home sales, directly advancing tax policy for a specific group.92% confidence

Sub-Topics Income Tax Tags Seniors

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in committee · Connecticut · House Feb 9, 2026

HB 5082: AN ACT CONCERNING THE PROPERTY TAX CREDIT AGAINST THE PERSONAL INCOME TAX FOR A PRIMARY RESIDENCE OR MOTOR VEHICLE.

HB 5082 increases Connecticut's property tax credit against personal income tax for primary residences or motor vehicles. It raises the maximum credit from $300 to $1,000 per year, increases the minimum income threshold for eligibility, and expands access by raising the qualifying Connecticut adjusted gross income limits. This change directly benefits Connecticut residents who own a primary home or vehicle and pay property taxes, reducing their personal income tax liability. The bill modifies existing tax provisions without altering the credit's structure or adding new requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases property tax credit from $300 to $1,000, reducing income tax liability for homeowners/vehicle owners - direct tax relief for residents.95% confidence

Sub-Topics Income Tax Property Tax Tax Credits

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in committee · Connecticut · House Feb 6, 2026

HB 5067: AN ACT ESTABLISHING A PERSONAL INCOME TAX DEDUCTION FOR CERTAIN UNREIMBURSED MEDICAL EXPENSES.

HB 5067 creates a personal income tax deduction for taxpayers with unreimbursed medical expenses exceeding 7.5% of their adjusted gross income. It directly affects individual taxpayers who pay out-of-pocket medical costs not covered by insurance, such as doctor visits, prescriptions, or hospital stays. The bill's key provision allows these taxpayers to subtract the amount of qualifying medical expenses above the 7.5% threshold from their taxable income. This change lowers the taxable income subject to state tax rates, potentially reducing the overall tax liability for eligible filers. The deduction applies only to expenses not reimbursed by insurance or other sources.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for medical expenses, lowering taxable income for qualifying individuals, directly providing tax relief aligned with middle/lower income support.95% confidence ✓ HealthcareSupports HealthcareCreates tax deduction for unreimbursed medical expenses, reducing financial burden on patients and improving access to healthcare services.85% confidence

Sub-Topics Income Tax Tax Incentives Hospitals

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in committee · Connecticut · Senate Feb 4, 2026

SB 66: AN ACT ESTABLISHING A TEMPORARY PERSONAL INCOME TAX DEDUCTION FOR TIPS OR GRATUITIES.

SB 66 would create a temporary tax deduction for workers who declare tips or gratuities on their income tax returns. It allows a deduction of up to $25,000 per year for tips earned during 2026-2028, reducing taxable income for affected workers. The deduction phases out for single filers with incomes over $150,000 and married couples filing jointly over $300,000. This policy directly impacts service industry workers who report tip income, lowering their tax burden for the specified period.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides temporary tax relief for service workers via deduction, reducing taxable income for middle/lower earners (phased out above $150k/$300k).95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax deduction for tips, lowering taxable income for service workers and increasing take-home pay.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives

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