News

Compromise to aid schools, hospitals was to be shared with rank-and-file lawmakers Monday night

A revision of Form 990, Return of Organization Exempt From Income Tax, is coming, changes that Treasury says are designed to improve transparency, strengthen tax administration, and provide clearer reporting on tax-exempt organizations’ activities.

CT seeking ways to collect $3 billion owed annually

Likely will try to amend majority Democrats’ budget during final debate

A protracted debate on a bill that would make voting by absentee ballots a universal option in Connecticut ended without a vote Wednesday night in the House of Representatives.

More for school aid, child care, tax relief come from piggy bank.

Small business owners could get a sweet deal on healthcare coverage under a new tax proposal Gov. Ned Lamont touted at a Connecticut candy factory Wednesday.

House Republicans are touting a budget adjustment plan they say will deliver hundreds of millions of dollars to local school systems while reducing property taxes and eliminating tax on things like Social Security benefits and children’s clothing.

Small businesses that invest in innovation could get a financial boost under a proposal currently under consideration in the Connecticut General Assembly.

Stamford classroom now features a stock ticker, thanks to a $150K grant from financial services company Synchrony.

The Connecticut Mirror’s 2026 legislation tracker is a tool to help our readers track certain bills as they work their way through the legislative process.

The budget revisions that passed the Appropriations Committee Tuesday increased Gov. Ned Lamont’s proposed spending plan by $147.6 million, but remained under the state budget spending cap. Achieving that, though, required a bit of fiscal maneuvering.

State savings would solve the problem many times over.

Senate Republicans once again pitched the idea of wide-ranging tax cuts and credits Wednesday, the day after Democrats unveiled a $25.6 billion budget for 2026-27.

But also asks fiscally moderate governor to boost taxes on wealthy households

The Republican minority in the Connecticut House of Representatives took a step toward compromise Monday with Gov. Ned Lamont, pitching a middle-class income tax cut worth up to $350 per filer and a new option to pay for it without jeopardizing other state programs.

Connecticut appeared headed for an unusual showdown over tax cuts late Monday after a key legislative panel endorsed nearly $900 million in new relief options, including new relief for renters and expanded breaks for shoppers and seniors.

Homeowners could be in line for a but of income tax relief under a plan legislative Republicans unveiled Monday morning at a media briefing in Hartford.

Residents exiting Massachusetts took a net of $4.2 billion in adjusted gross income with them in 2023, one of the largest totals in the country, after a tax on millionaires took effect.

CTCPA State Tax Group Chair Alan Clavette recently testified before the Connecticut General Assembly’s Finance, Revenue and Bonding Committee in support of the State Tax Group’s proposal, HB 5445 – An Act Concerning the Amortizable Bond Premium Subtraction for Purposes of the Personal Income Tax. More than a dozen group members and CTCPA Executive Director Bonnie Stewart also submitted written testimony supporting the proposal.