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Connecticut Legislative News
Lamont crosses aisle, nominates Bryan Cafferelli as DCP boss
February 27, 2023
Bryan Cafferelli, legal counsel to the Senate Republican minority and a former chief of staff to Lt. Gov. Michael C. Fedele, is Gov. Ned Lamont’s choice for commissioner of consumer protection.
Lawmakers Look To Revamp Cannabis Industry
February 23, 2023
Retail sales of cannabis have been happening for almost two months, but lawmakers are looking at making several changes to it and the medical marijuana program.
First-Time Homebuyers Have Something To Cheer About
February 20, 2023
First-time homebuyers, who have been struggling to get into the market, have something to cheer about in Gov. Ned Lamont’s budget. It’s a program called Time To Own.
Governor Lamont Signs Legislation Extending Free School Meals and Protecting Connecticut’s Fiscal Guardrails
February 14, 2023
Governor Ned Lamont today posted the following video onto his social media channels (including Twitter, Facebook, and Instagram) announcing that he has signed legislation extending the free school meals program for the remainder of this school year and protecting the state’s fiscal guardrails for the next several years.
Consumers Spent $5 Million on Recreational Cannabis in First Three Weeks of Market
February 10, 2023
Consumers spent around $5.1 million on recreational cannabis during the first three weeks of Connecticut’s adult-use market, according to preliminary statistics released Friday by the state Consumer Protection Department.
Lamont earmarks $39M for additional workforce development efforts
February 09, 2023
Gov. Ned Lamont has made workforce development a key issue going into his second term, and his two-year, $50.5 billion budget proposal sets aside tens of millions of dollars to try to address it.
Federal Legislative News
AICPA makes 61 proposals to Congress for changes to the Internal Revenue Code
February 15, 2023
The AICPA has sent a list of 61 proposals for changes to the Internal Revenue Code to Congress, starting with a proposal that the definitions of terms be standardized so that words have the same meaning throughout the Code.
NASBA upholds 150-hour education requirement for CPA licensure
February 10, 2023
Across the board, stakeholders charged with promoting and protecting the accounting profession are searching for solutions to a talent acquisition issue that isn't unique to the profession.
5 ERC Mistakes Employers Can't Afford to Make
February 07, 2023
Many myths and mistakes have hampered Employee Retention Credit calculations. Here are five errors businesses can’t afford to make.
Senate Democrats reintroduce bill to provide payroll tax credit to restaurants
January 24, 2023
Three Senate Democrats have reintroduced a bill aimed at providing payroll tax relief to businesses that applied for the Small Business Administration's Restaurant Revitalization Fund, but didn't receive a grant because the program ran out of money.
House Republicans plan vote to abolish IRS, replace income tax with consumption tax
January 12, 2023
The new Speaker of the House, Kevin McCarthy, R-California, agreed as part of a deal with conservatives in the Freedom Caucus to win the speakership to allow a vote on a bill that would abolish the Internal Revenue Service and substitute a "Fair Tax" that would replace federal income taxes and other taxes with a national consumption tax administered by the states.
Melancon looks ahead to tax season challenges
January 11, 2023
American Institute of CPAs president and CEO Barry Melancon spoke Wednesday about changes at the Internal Revenue Service and Congress, the prospects for the upcoming tax season, the evolving CPA licensing model, recruiting young people to the profession and more during a wide-ranging presentation to the Accountants Club of America.