Advocacy Updates
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
Baker says Mass. is different as other states impose COVID-19 protocols
July 30, 2021
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.
Governor Lamont Announces Aflac Selected as Claims Administrator for Paid Leave Program, Company Will Bring 150 Jobs to New Offices in Windsor
July 30, 2021
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.
CT officials forecast $55M in annual cannabis tax revenue by FY '26
July 28, 2021
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 Lamont Reminds Residents That Connecticut’s Minimum Wage Is Scheduled To Increase on Sunday
July 28, 2021
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.
CT reviewing CDC mask guidance for K-12 schools
July 27, 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.
Fat budget surplus may be even larger than Connecticut legislators expected. Wall Street earnings fuel tax revenue surge.
July 27, 2021
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
SBA Streamlines Forgiveness Process for PPP Loans
July 30, 2021
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.
SBA streamlines forgiveness process for most PPP loans
July 29, 2021
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.
Wyden introduces bill to overhaul pass-through deduction and expand to accountants
July 21, 2021
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.
SCOTUS Won’t Hear New Hampshire Remote Worker Tax Fight
June 29, 2021
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.
Supreme Court rejects New Hampshire’s challenge to work-from-home taxes
June 28, 2021
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.
Professional services tax proposals discussed in multiple states
June 21, 2021
Taxation of CPA services was a hot topic in several state legislatures this year as states sought to fix expected revenue shortfalls.