Advocacy Updates
Key Tax Provisions Included in $55.8B Budget Package
The Connecticut legislature passed a $55.8 billion two-year budget with significant spending increases and weakened fiscal guardrails. Several tax changes and new measures were included that impact individuals, businesses, and municipalities.
CTCPA Executive Director Bonnie Stewart has combed through the more than 600 pages of the budget bill to highlight key tax provisions by both bill section and tax type. For complete language on any of these provisions, you can refer to the noted sections of the budget bill, H.B. 7287.
CTCPA Bill to Modernize CPA Licensure and Mobility Laws Signed into Law
We advocated for Connecticut to adopt three flexible pathways to CPA licensure, expanding access to the profession while ensuring continued integrity of the credential. We also pursued an automatic or enhanced mobility model to grant CPAs licensed in other states the privilege to practice here without administrative hurdles.
The proposals were released as Raised Bill 7020, An Act Concerning Certified Public Accountants . The bill was signed into law by Governor Lamont on June 10.
Lower CPA License Fees Not Included in Final Budget Package
Despite extensive efforts by the CTCPA and many members (thank you!), reducing CPA license fees was unfortunately not included in the final budget package passed by the House and Senate. This measure aimed to reduce licensure fees for all professions licensed by the Department of Consumer Protection, including CPAs.
Unfortunately, as concerns regarding the budget grew, neither the Governor nor legislative leaders were comfortable moving forward with fee reductions for any profession other than a limited number of medical professionals.
This was disappointing news for our profession, and we will continue advocating for this measure as it remains extremely important to our organization and its members.
We plan to work diligently over the summer and fall and will request this issue to be raised again during the 2026 legislative session.
Connecticut Legislative News
CT senators cite a ‘catastrophe’ as Senate passes Trump’s ‘big beautiful bill’
July 01, 2025
The Senate vote was split 50-50, with Vice President JD Vance breaking the tie and casting the deciding vote.
Governor Lamont Signs Biennial State Budget for 2026 and 2027
June 30, 2025
Governor Ned Lamont today announced that he has signed into law the biennial state budget bill for fiscal years 2026 and 2027, which makes historic investments to expand access to early childhood education, which is among the costliest item for families, all while holding the line on taxes.
Lamont Vetoes Bill Allowing Unemployment For Striking Workers
June 24, 2025
Gov. Ned Lamont on Monday announced a veto of a bill that would have made striking workers eligible for unemployment benefits after they have been on strike for 14 consecutive days, saying he wants to protect jobs in Connecticut.
Lamont To ‘Reluctantly’ Veto Controversial Housing Bill
June 23, 2025
A controversial housing bill intended to address the shortage and high cost of housing in the state will not become law, Gov. Ned Lamont announced Monday.
How far did CT’s ‘fiscal guardrails’ move? Depends whom you ask
June 16, 2025
Leaders say saving rules likely to evolve as federal aid shrinks.
New CT laws taking effect July 1: School lessons, e-books, budget
June 16, 2025
Over six dozen Connecticut laws, including the state’s next budget and bond package, will wholly or partially take effect on July 1.
Federal Legislative News
House passes One Big Beautiful Bill Act with its many tax changes
July 03, 2025
The House passed the Senate’s version of the One Big Beautiful Bill Act, sending it to President Donald Trump for his signature. The bill extends many of the expiring provisions from the Tax Cuts and Jobs Act (TCJA), P.L. 115-97. It also addresses other tax priorities of the Trump administration, including providing deductions to eliminate income taxes on certain tips and overtime pay.
AICPA Applauds Senate Passage of Reconciliation Bill, Encourages House Support
July 01, 2025
The U.S. Senate passed its reconciliation bill earlier this morning, which removes the limit on pass-through businesses’ state and local tax (SALT) deductions entirely, generating optimism for those affected businesses. The American Institute of CPAs (AICPA) sent a letter to Senate leadership expressing its strong support of tax-related provisions included in the latest version of the One Big Beautiful Bill Act (OBBB) passed by the Senate. Additionally, the AICPA is urging members of the House of Representatives to join their Senate counterparts in preserving this important deduction.
CT senators cite a ‘catastrophe’ as Senate passes Trump’s ‘big beautiful bill’
July 01, 2025
The Senate vote was split 50-50, with Vice President JD Vance breaking the tie and casting the deciding vote.
Senate passes reconciliation bill including tax changes
July 01, 2025
The Senate passed its version of the One Big Beautiful Bill Act on Tuesday, sending the measure back to the House, where its fate is uncertain. If the House passes the measure without amendment, it would go to President Donald Trump for his signature to become law.
Details of tax changes in Senate reconciliation bill
June 29, 2025
The Reconciliation Bill being debated in the Senate contains many tax provisions, some of which have changed since the Senate Finance Committee released its proposed legislative language on June 16.
Senate GOP restores Medicaid cuts to Trump tax package
June 29, 2025
Senate Republicans restored major Medicaid cuts to Donald Trump's signature economic legislation, re-fashioning a key provision to overcome a procedural obstacle.
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