News
CT Eyes $25M Expansion Of R&D Tax Credit Program
April 08, 2026
Small businesses that invest in innovation could get a financial boost under a proposal currently under consideration in the Connecticut General Assembly.
Financial literacy courses are expanding in CT, thanks to new requirement
April 07, 2026
Stamford classroom now features a stock ticker, thanks to a $150K grant from financial services company Synchrony.
CT Bill Tracker: Legislation we’re following in the 2026 session
April 06, 2026
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.
Appropriations Committee Ups Lamont Budget Proposal By $147M
April 01, 2026
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.
CT on pace for tiny $6 million budget deficit, Comptroller projects
April 01, 2026
State savings would solve the problem many times over.
CT Senate Republicans Roll Out $1.5B Tax Cut Plan Dems Call Empty Promise
April 01, 2026
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.
CT finance panel keeps Lamont tax rebate plan in play
March 31, 2026
But also asks fiscally moderate governor to boost taxes on wealthy households
CT House Republicans say a one-time tax rebate is not enough
March 30, 2026
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.
Finance panel endorses nearly $900M in tax-cutting options
March 30, 2026
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.
Legislative Republicans Pitch Increased Property Tax Credits
March 30, 2026
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.
Massachusetts Loses Billions in Income After Millionaire Tax
March 20, 2026
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 Testifies in Support of Proposal to Simplify Bond Premium Rules, but Urges Further Action
March 11, 2026
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.
Early Legislative Win: Provisions Threatening State Board of Accountancy Oversight Removed from HB 5222
March 11, 2026
Earlier this session, we alerted members to concerns about Sections 1 and 2 of HB 5222. Introduced as part of the Connecticut Department of Consumer Protection (DCP) clean-up bill, these sections would have significantly changed how CPA regulation is enforced in Connecticut by allowing DCP to independently exercise enforcement powers in CPA matters. We are pleased to report that DCP leadership has agreed to remove Sections 1 and 2 from HB 5222.
CT small businesses hope their latest R&D tax credit push pays off
March 05, 2026
Industry advocates and small business owners argue that the credit would help boost the economy and spur innovation in the state.
CT Comptroller Projects $77.3M Budget Surplus, Touts Quantum Tech As Key To State’s Future Economy
March 03, 2026
Can Connecticut become the Silicon Valley of quantum tech? Comptroller Sean Scanlon thinks it’s at least a possibility.
Lamont to veto earmarks and grants in emergency bill
March 02, 2026
Gov. Ned Lamont informed Democratic legislative leaders in a conference call Monday afternoon he intends to use his line-item authority to strike references to earmarks and other spending from the emergency-certified bill passed last week.
Proposed Privacy Bill Would Limit Data Sharing From Plate Readers, Flock Cameras
March 02, 2026
The General Law Committee is considering a privacy bill that would restrict how Connecticut state and law enforcement agencies use automated license plate readers, including Flock cameras.
AICPA Urges Department of Education to Include Accounting Among List of Professional Degrees in Response Letter to Proposed Rulemaking
February 27, 2026
Following the release of the Department of Education’s Notice of Proposed Rulemaking (NPRM) titled Reimagining and Improving Student Education, the American Institute of CPAs (AICPA) submitted its response acknowledging the Departments efforts to clarify the definition of “professional,” and urging the incorporation of similar language into the final rule, making the intent clear within the Code of Federal Regulations itself.
Should CT Tax Tips And Overtime Work? House Republicans Say No As Committee Hears Testimony
February 27, 2026
Should Connecticut workers pay income tax on income they receive from tips or work beyond the standard 40-hour week? About a dozen Republican representatives say no.
Lamont won’t rule out line-item veto of earmarks in emergency bill
February 26, 2026
Gov. Ned Lamont refused Thursday to rule out vetoing portions of the emergency bill speeding through the General Assembly towards his desk, wary over the inclusion of provisions that provide new earmarks or clarify badly written ones already in the budget.