The Connecticut Legislative Session has finally come to an end. A whirlwind of a session, primarily virtual, took us all for a ride this year.
The CTCPA and our lobbyists worked tirelessly advocating on a wide variety of matters. From audits to taxation to unemployment, we testified and spoke with legislators and the administration throughout the session to ensure that CTCPA's membership was well represented and well served.
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Last modified July 30, 2021.
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Connecticut Legislative News
Many in Massachusetts are waiting with bated breath to see whether Governor Charlie Baker will make any coronavirus-related policy changes following new federal guidance this week surrounding mask-wearing.
As claims administrator, Aflac will accept applications, determine eligibility, and administer benefits for paid leave. Individuals will have flexible options to submit applications for paid leave, either online, by email, or by calling directly into a customer care advocate.
Connecticut's Office of Fiscal Analysis is projecting the state's cannabis industry will generate $20.4 million in tax revenue in its first full year of operation, and over $55 million in its fourth year.
Governor Ned Lamont is reminding Connecticut residents that – as a result of legislation he enacted two years ago scheduling several increases in the minimum wage over a five-year period – the minimum wage in the state will increase from the current rate of $12.00 per hour to $13.00 per hour beginning on Sunday, August 1, 2021.
Updated guidance released by the Centers for Disease Control and Prevention on Tuesday urging mask-wearing in schools did not prompt Gov. Ned Lamont to make any immediate decisions about what will be in store for kids and teachers returning this fall.
When lawmakers adopted a new, two-year state budget in early June, some observers blinked at the unprecedented, $2.3 billion surplus built into the package.
Federal Legislative News
The Small Business Administration (SBA) issued new guidance yesterday designed to accelerate the end of the Paycheck Protection Program (PPP) by streamlining the process for millions of small businesses and nonprofit employers to have their emergency payroll loans forgiven.
The U.S. Small Business Administration (SBA) published new guidance Wednesday designed to simplify and speed up the forgiveness process for businesses and not-for-profits with Paycheck Protection Program (PPP) loans of $150,000 or less.
Senate Finance Committee chairman Ron Wyden, D-Oregon, introduced legislation Tuesday to streamline the section 199A deduction for qualified business income for pass-through entities, allowing accountants, lawyers, doctors and others to qualify, but phasing out above $400,000.
The U.S. Supreme Court will not take up New Hampshire’s challenge to Massachusetts’s taxation of nonresident remote workers in New Hampshire v. Massachusetts.
The U.S. Supreme Court rejected a New Hampshire challenge to Massachusetts’ practice of taxing people who once worked in that state but started telecommuting from elsewhere during the pandemic.
Taxation of CPA services was a hot topic in several state legislatures this year as states sought to fix expected revenue shortfalls.