Rep. Mike Demicco

Maddy summaryHB 5170 appropriates funds from the General Fund to Survivors of Homicide, Inc., a nonprofit organization, to provide mental health and supportive counseling services to families who have lost loved ones to homicide. The bill allocates a specific sum for the fiscal year ending June 30, 2027, directly supporting this organization’s existing services. This funding aims to prevent a potential loss of resources for these families during a critical time. The bill does not create new policy but secures ongoing financial support for an established program.

Maddy summaryHB 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.

Maddy summaryHB 5185 would impose a surcharge on capital gains and dividends for Connecticut taxpayers with adjusted gross income meeting the threshold for the state's highest marginal income tax rate. It directly affects high-income earners subject to Connecticut's top tax bracket, specifically targeting net gains from selling investments and dividend income. The bill amends state tax law to add this surcharge to the existing tax calculation for qualifying taxpayers. The policy change is a direct revenue measure applying only to those already paying the highest rate on ordinary income.

Maddy summaryHB 5197 would update Connecticut's Medicaid eligibility rules for adults aged 19 and older by setting identical income standards across the HUSKY A, C, and D programs and eliminating asset tests. This means people's savings, property, or other assets would no longer affect whether they qualify for Medicaid coverage. The bill directly affects adults seeking Medicaid, particularly older adults and those with disabilities, by simplifying eligibility requirements. It aims to create a more consistent and accessible system, removing current barriers caused by varying income rules and asset considerations.

Maddy summaryHB 5139 establishes two key estate tax provisions: (1) an estate tax recapture for estates exceeding $15 million in value, requiring additional tax payment if the effective rate falls below 2%, and (2) an alternative minimum estate tax to ensure the effective tax rate never drops below 2%. This bill directly affects high-value estates (over $15 million) by preventing tax avoidance through low effective rates. The recapture mechanism targets estates that would otherwise pay minimal tax relative to their value, while the alternative minimum tax sets a floor on the tax rate. These provisions aim to maintain revenue from large estates under the state's tax code.

Maddy summaryHB 5134 establishes a refundable child tax credit of $600 per child for families with up to three children. It directly affects low-to-moderate income households, specifically those with federal adjusted gross income under $100,000 for single filers or $200,000 for married couples filing jointly. The credit is refundable, meaning eligible families may receive the full credit amount even if it exceeds their income tax liability. This policy change reduces tax burden for qualifying families with children, using the state’s personal income tax system to provide direct financial support.

Maddy summaryHB 5018 establishes a personal income tax deduction for taxpayers who receive payments from an insurance company to cancel or buy out a long-term care insurance policy. It specifically allows a deduction for the portion of that payment that is already included in federal taxable income. This bill directly affects residents who terminate long-term care insurance policies and receive cash settlements. The key mechanism is aligning state tax treatment with federal rules for these specific insurance-related payments, reducing the state tax burden on that income. The bill does not create new benefits but adjusts tax filing for existing federal taxable events.

Maddy summaryHB 5428 establishes a regulatory framework for mobile manufactured home parks, directly affecting park owners and residents. The bill creates standards for park operations, including maintenance requirements, rent increase limits, and dispute resolution processes. It aims to improve living conditions and provide greater stability for residents in these communities. *(Note: This summary is based solely on the bill's title and recent actions; specific provisions require reviewing the full text.)*

Maddy summaryHB 5144 would allow taxpayers to deduct from their state personal income tax the portion of money received from an insurance company when canceling or buying out a long-term care insurance policy, *if* that payment is already taxable under federal income tax rules. This affects individuals who terminate long-term care insurance policies and receive payout payments. The bill creates a specific state tax deduction for the federal-taxable portion of such insurance buyout payments. It does not change federal tax treatment but provides a state-level adjustment for amounts already included in federal gross income.

Maddy summaryHB 5026 exempts the sale, storage, use, and consumption of aircraft weighing less than 6,000 pounds (maximum certificated takeoff weight) from state sales and use taxes. This change directly affects owners, buyers, and sellers of small aircraft, such as personal or small business planes. The bill amends existing tax law to create a uniform exemption for this category of aircraft, removing a tax burden previously applied to their purchase and use. It does not apply to larger aircraft or other taxable items.