Connecticut residents are again paying some of the highest state and local taxes this year, according to updated figures from the Tax Foundation. The Tax Foundation’s annual State and Local Tax Burdens report looked at
Taxes
House Republican leader Vincent Candelora, D-North Branford, said the Transportation and Climate Initiative program could be included in an upcoming special session after the two parties reached a stalemate over marijuana legalization and ran out
The General Assembly approved a highway use tax for large trucks under emergency certification following a lengthy debate on the floor of the House of Representatives. After failing to secure tolls on Connecticut’s highways for
Connecticut Attorney General William Tong issued a formal opinion saying the proposed Connecticut Equitable Investment Fund proposed by Democrats on the Finance, Revenue and Bonding Committee “lacks the requisite standards and limits to survive to
The Transportation and Climate Initiative, which would cap the amount of emissions Connecticut generates through gasoline and diesel sales, could underfund Connecticut’s struggling Special Transportation Fund by $500 million, according to numbers crunched by the
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