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Business Entity Tax Returns Due April 15, 2019
This week, the Connecticut Department of Revenue Services (CTDRS) is mailing Form OP-424, Business Entity Tax Return, to businesses that are registered with CTDRS and are responsible for paying the Business Entity Tax (BET). The $250 BET is due every other year on April 15 for calendar year filers.
Can tax break promises be kept?
Gov. Ned Lamont’s new state budget is less than a week old, but the pressure already is shifting to the General Assembly to protect the tax cuts it passed last year. Seniors, teachers, hospitals, corporations and other groups are pressing lawmakers to deliver the tax relief they pledged in 2017 — and campaigned on last fall — even though Lamont says Connecticut no longer can afford it. “What we are concerned about is how things pile up,” said Nora Duncan, state director of AARP...
Proponents Bet This Is The Year For Sports Wagering
A bill legalizing sports betting in Connecticut never made it to the finish line in 2018, but proponents are hoping for a different result this year. There are at least two bills before the General Assembly proposing legalizing sports gambling this year, and both are up for a public hearing Tuesday in the Public Safety and Security Committee.
Feds call Connecticut's statewide tolls proposal 'new territory'
Gusty winds peppered Gov. Ned Lamont with dust and occasional snow flurries Monday as he stood beneath the "mixmaster," the outmoded I-84 and Route 8 interchange undergoing a $152.9 million rehabilitation that will buy Connecticut time — putting off a far more expensive and disruptive replacement for another 25 years. Looming above him like a prehistoric, if badly rusting, octopus, the mixmaster provided a telegenic backdrop for the easiest part of Lamont's campaign to win approval of...
Deloitte's Andrew Mais to be named Connecticut insurance commissioner
The insurance industry regulatory specialist at Deloitte and a former Cablevision talk show host is Gov. Ned Lamont’s choice to be the next insurance commissioner, a key regulatory role in an industry with a huge presence in Connecticut.
Governor's Revenue Bill and Revenue Bill Fact Sheet
Governor Lamont's proposed FY 2020 and FY 2021 budget contains several tax items of interest. Read the complete budget bill. Read the Budget Fact Sheet.   This piece details the "significant impacts" and includes a reference to the section of the budget bill where the listed item may be found.   As always, your feedback on any issues of concern to you would be appreciated.  Please reach out to CTCPA Executive Director Bonnie Stewart at bonnies@ctcpas.org .  Be the first to receive news...
See how your town fares in the governor’s proposed budget
Forty-five municipalities stand to gain more money from the state’s primary education grant next year if provisions of the governor’s proposed budget are adopted by the General Assembly – however, several smaller grants are slated to be eliminated or reduced. Impoverished communities stand to gain the most while wealthier towns, generally speaking, would lose the most through a redistribution of the state’s primary funding source to local school districts, the Education Cost Sharing ESC)...
Lamont holds tax rates steady, but companies and consumers would still pay more
In his inaugural budget, Gov. Ned Lamont kept campaign pledges not to increase major tax rates, but plenty of businesses, and their customers, can expect to pay higher taxes if the two-year spending plan makes it through the legislative gauntlet in the months ahead.
Lamont Faces Opposition To New Taxes
Gov. Ned Lamont didn’t even mention the 1.5 cent per ounce tax on sugary beverages, but there was little doubt Wednesday about who didn’t support his proposal. The 13 members of the Republican Party’s conservative caucus each had “Double Gulps” from 7-Eleven on their desks. A “Double Gulp” is a larger than a “Big Gulp.”
Lamont’s Budget Will Tax Services, Some Goods
“The notion of taxing tax preparation services is fundamentally flawed,” Bonnie Stewart, executive director of the Connecticut Society of Certified Public Accountants, said “as it poses what taxpayers will view as a penalty for filing one’s tax return in a complete, compliant, and accurate manner by engaging professional assistance.”

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