United States District Judge J. Paul Oetken dismissed a lawsuit by Connecticut and three other states against the Donald Trump administration, the U.S. Department of Treasury and the Internal Revenue Service over its cap on state and local property tax deductions, commonly known as SALT. The judge concluded “Congress enacted ...
Connecticut remained a “sinkhole state” in this year’s state-by-state ranking and report from Truth in Accounting, a Chicago based think-tank that analyzes government accounting data. Connecticut ranked 48th in the country because of its high debt, which translates to $51,800 per taxpayer, according to the report. However, Connecticut’s ranking was ...
The U.S. Department of Justice has signed onto a lawsuit challenging the legality of California’s retirement savings program, which could ultimately affect Connecticut’s plan to implement 401(k) style retirement plans for private-sector workers. The Dept. of Justice filed a brief in the Howard Jarvis Taxpayers Association v. Chiang and the ...
Lt. Governor Susan Bysiewicz offered a look into Gov. Ned Lamont’s new transportation plan today during a public meeting before the Western Connecticut Council of Governments. The plan involves using low-interest federal loans available through the Transportation Infrastructure Finance and Innovation Act and the Railroad Rehabilitation and Improvement Act, part ...
**Update: Gov. Ned Lamont announced Friday that the Department of Revenue Services will revise its guidance to eliminate the sales tax on items from grocery store aisles** As Gov. Ned Lamont heads into meetings with Department of Revenue Services Commissioner Scott Jackson to discuss the agency’s guidance that certain grocery ...
Democrats in the state legislature have been on defense since a Republican press conference last Thursday that announced some grocery items will now be subject to a 7.35 percent sales tax. The budget included a 1 percent sales tax increase for restaurants but included pre-prepared foods sold in grocery stores ...