taxes

Stephan Savoia / AP

Connecticut Governor Dannel Malloy has vetoed a bill that would have allowed small businesses to take advantage of a state tax break that’s now only available to large manufacturers. The tax break is for hiring apprentices. Malloy says he is worried it would allow small businesses to sell the credits to wealthy individuals looking for tax loopholes.

Courtesy of Pixabay

Connecticut Comptroller Kevin Lembo says he’s updated his online state revenue calculator to make it easier for Connecticut residents to understand how increases or decreases in proposed taxes would affect the state’s ability to fund services.

Jessica Hill / AP

The Connecticut General Assembly ended its 2018 legislative session early Thursday morning. Lawmakers are congratulating themselves because they passed a new budget without raising taxes.  

Jessica Hill / AP

Connecticut lawmakers say more than $1 billion in unanticipated state income tax revenue this year made it easier for them to agree on second-year budget adjustments before they adjourned their legislative session Wednesday night. The $20 billion second-year of the state budget has no tax increases.

Courtesy of Connecticut Coalition Against Crumbling Basements / Facebook

The Connecticut House of Representatives has approved a $12 annual surcharge on the insurance policies of every residential homeowner in the state. The bill passed by a bipartisan vote of 97 to 42 during a rare weekend session on Saturday.

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