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Articles

The Evolution and Grand Opening of An Indian Tech Company In Hartford
The decision to locate Infosys’ Innovation Hub in Hartford involved an incoming governor, an outgoing governor, a number of business leaders, and the academic community. Governor-elect Ned Lamont went to Infosys’ New York offices two or three times and then hired a car service to bring Infosys President Ravi Kumar to Michael Cantor’s law offices in Hartford almost two years ago.
Making Hartford a destination for the companies of the future
Today, I was joined by Gov. Dannel Malloy and Gov.-elect Ned Lamont to inaugurate Infosys’ Hartford Technology and Innovation Hub. The Hub will help Infosys work more closely with its clients in the region and serve as the global center for Infosys’ InsurTech and HealthTech efforts. However, none of that would have been possible without the leadership of Gov. Malloy, Gov.-elect Lamont and our business and education partners in the great State of Connecticut. When Infosys first announced...
Few N.Y. Businesses Sign Up for State Program to Bypass Trump Tax Limits
New York Gov. Andrew Cuomo said a program enacted in April would help protect employees from new federal limits on the deductibility of state and local taxes. A state official said 220 businesses had opted into the plan as of Friday, a figure representing less than 0.1% of the state’s employers and an unknown number of employees.
CTCPA to Oppose Sales Tax on 'Tax Prep and Accounting Services to Consumers' – YOUR Help Needed
As part of its Report 2.0 released to the public on November 27, the Commission on Fiscal Stability and Economic Growth has recommended an extension of the state sales tax to “legal services, tax prep and accounting, consumer only” to the incoming 2019 General Assembly. The CTCPA opposes any sales tax on any CPA services. We are taking immediate steps to mobilize a grassroots campaign among our members to clearly inform legislators of our opposition.
By design, this transition is a little messy
The transition team of Gov.-elect Ned Lamont opened a free-wheeling, if slightly chaotic, series of policy discussions Tuesday that drew more than 450 people to a day of brainstorming and networking at Eastern Connecticut State University. “This is a fresh start that none of us are going to squander,” Lamont said.
CEO-led commission renews calls for state fiscal, economic reforms
A high-profile commission aimed at solving Connecticut's fiscal crisis and improving the state's economy on Wednesday released a second round of recommendations to curb the state's multibillion-dollar deficit and jumpstart growth.
CVS completes historic $69B Aetna acquisition
Aetna, Hartford's 165-year-old health insurer, is no longer an independent company. CVS Health on Wednesday, as expected, completed its historic, industry-shifting $69 billion acquisition of Aetna, the Rhode Island pharmacy giant announced Wednesday.
DRS Guidance: Sales and Use Tax Legislation Effective Dec. 1, 2018
As a result of new sales and use tax legislation enacted by Public Acts 2018,  No. 18-152, §§ 25 , marketplace facilitators are required to collect and remit sales tax on behalf of their marketplace sellers. This new requirement is effective December 1, 2018 . The DRS has released guidance to help navigate the new legislation - read the FAQs .
2019-2022 Fiscal Accountability Report Released
The Office of Fiscal Accountability report was released on November 15; the report covers fiscal years 2019 to 2022. Read the full report.
Lamont promises national executive search for administration
Back from an orientation seminar for new governors, Gov.-elect Ned Lamont outlined an approach Monday to finding “the best and brightest” for his new administration, hinting that some top appointees would be executives from outside politics who are willing to accept a pay cut to work for Connecticut.

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