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…
Taxes
During an October 29 hearing before the Freedom of Information Commission, an attorney representing the Office of the Governor said the department was not in possession of specific data supporting the administration’s revenue claims for…
Out-going Speaker of the House Joe Aresimowicz, D-Berlin, posted on his Facebook page Monday that “Tolls are never going to pass or even be proposed in this state.” “I tried and used all of my…
The Tax Foundation released its annual ranking of states based on their overall business tax climate and placed Connecticut 47th in the country, besting both New York and New Jersey but falling short of other…
A coalition of public sector unions in Connecticut are running advertisements on television and social media calling for increasing taxes on the wealthy and list off the names of Connecticut’s billionaires they feel should be…
As Connecticut lawmakers and Eversource executives battle back and forth over rate increases and Eversource’s response to storm Isaias, offshore wind agreements set in place by Connecticut could potentially drive electricity rates even higher in…
Connecticut homeowners pay 20 percent more in property taxes than residents of its nearest neighbors, even as home values in the Nutmeg State have declined, according to a new study released Wednesday. “As a percentage…
Barring another extension of Gov. Ned Lamont's executive order, Connecticut’s 10 cent tax on single-use plastic grocery bags will return on Wednesday, July 1. Lamont initially suspended the plastic bag tax until May 15 in…
The Connecticut Department of Revenue Services paid more than $12 million in interest for tax refunds totaling nearly $5 billion because they withheld some refunds for upwards of seven years, according to a new audit.…
The Connecticut Office of Policy and Management is searching for a vendor who could analyze and model a complicated new taxation strategy that would replace part of the income tax with a payroll tax. If…