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CT HB06187

An Act Concerning The Restructuring Of Certain Taxes And Tax Equity.


summary

Introduced
01/29/2021
In Committee
01/29/2021
Crossed Over
Passed
Dead
06/09/2021

Introduced Session

2021 General Assembly

Bill Summary

To restructure certain taxes to assist in the economic recovery of all state residents and require the Labor Commissioner to make a one-time direct payment of five hundred dollars to individuals who experienced economic hardships due to the COVID-19 pandemic and received unemployment compensation benefits between March 15, 2020, and December 31, 2020, inclusive.

AI Summary

This bill aims to restructure certain taxes and provide economic assistance to individuals who experienced hardships during the COVID-19 pandemic. The key provisions include: (1) increasing the property tax credit, expanding eligibility and the percentage of the earned income tax credit, establishing a tax on digital advertising services, a tax on high-value residential properties, eliminating the estate tax cap, increasing corporate income tax rates, and adjusting marginal income tax rates; and (2) requiring the Labor Commissioner to make a one-time direct payment of $500 to individuals who received unemployment benefits between March 15, 2020, and December 31, 2020, due to the pandemic.

Committee Categories

Budget and Finance

Sponsors (39)

Thomas Arnone (D)* Brandon Chafee (D)* Mike D'Agostino (D)* Michael DiMassa (D)* Josh Elliott (D)* Kate Farrar (D)* Bobby Gibson (D)* Jillian Gilchrest (D)* Bob Godfrey (D)* Ken Gucker (D)* John Hennessy (WFP)* Anne Hughes (D)* Susan Johnson (D)* Roland Lemar (D)* Geoff Luxenberg (D)* David Michel (D)* Anthony Nolan (D)* Christine Palm (D)* Robyn Porter (D)* Christopher Rosario (D)* Manny Sanchez (D)* Brian Smith (D)* Peter Tercyak (D)* Edwin Vargas (D)* Quentin Williams (D)* Dorinda Borer (D),  Julio Concepción (D),  Gregg Haddad (D),  Joshua Hall (D),  Rick Lopes (D),  Brandon McGee (D),  Amy Morrin Bello (D),  Bobby Sanchez (D),  Hilda Santiago (D),  Travis Simms (D),  Derek Slap (D),  Frank Smith (D),  Gary Turco (D),  Michael Winkler (D), 

Last Action

Public Hearing 03/15 (on 03/11/2021)

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