Proponents for the Transportation and Climate Initiative (TCI) plan to use a special legislative session in September to implement the program in Connecticut, according to a key supporter. Legislative leaders haven’t yet announced formal plans
Taxes
The Moderate House Democratic Caucus said they stand with Gov. Ned Lamont in opposing tax increases on Connecticut’s wealthy residents proposed by their progressive counterparts as Democratic legislative leaders and the governor begin budget negotiations.
Democratic legislative leaders held a press conference pitching a $46 billion budget proposal from the Appropriations Committee and announcing their intention to push forward with tax increases on Connecticut’s wealthy residents despite opposition from Gov.
Sen. Will Haskell, D-Wilton, was joined by three business leaders in the parking lot of Noble gas station in Hartford to pitch the Transportation and Climate Initiative as both good for the environment and good
The budget package passed by the Finance, Revenue and Bonding Committee includes more than $1 billion in new taxes by 2023 coupled with some targeted tax credits, according to the fiscal note attached to the
House Republican leadership is questioning the constitutionality of a proposed “Equitable Investment Fund” that would use new and increased taxes on capital gains, digital advertising, sports gambling, marijuana sales and a second income tax on
Republican leaders today announced they are partnering with No Tolls CT to hold a series of rallies around the state to oppose the Transportation and Climate Initiative and the highway use tax on trucks, which
The General Assembly’s joint Finance, Revenue and Bonding committee observed the 30th anniversary of Connecticut's state income tax by imposing a new, separate income tax on the state’s top earners. The committee approved a 25-part measure which includes a new “consumption tax” on state residents with federal adjusted gross
The Finance, Revenue and Bonding Committee heard testimony Monday regarding a property tax cap bill that would cap property tax increases at 2.5 percent but allow municipalities to levy a sales or income tax to
The legislature’s Environment Committee today voted 21-11 to pass a bill authorizing Connecticut to participate in the Transportation and Climate Initiative, an multi-state initiative that would require gasoline producers to purchase carbon credits at auction.