summary
Introduced
02/03/2021
02/03/2021
In Committee
02/03/2021
02/03/2021
Crossed Over
Passed
Dead
06/09/2021
06/09/2021
Introduced Session
2021 General Assembly
Bill Summary
To reform certain taxes to reduce taxes for middle-class families and enable investments in education, housing, health care and long-term care services, and to 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 proposes a number of tax reforms to reduce taxes for middle-class families and enable investments in areas like education, housing, and healthcare. The key provisions include: establishing a child tax credit, increasing the property tax credit and earned income tax credit, imposing a tax on large digital advertising companies and high-value residential properties, eliminating the estate tax cap, increasing corporate tax rates for large companies, and adjusting marginal income tax rates for high-income individuals. Additionally, the bill requires a one-time direct payment of $500 to individuals who experienced economic hardship due to the COVID-19 pandemic and received unemployment benefits during a specific period.
Committee Categories
Budget and Finance
Sponsors (27)
Saud Anwar (D)*,
Jorge Cabrera (D)*,
Mary Daugherty Abrams (D)*,
Mae Flexer (D)*,
Julie Kushner (D)*,
Matt Lesser (D)*,
Rick Lopes (D)*,
Marilyn Moore (D)*,
Gary Winfield (D)*,
Brandon Chafee (D),
Julio Concepción (D),
Josh Elliott (D),
Kate Farrar (D),
Bobby Gibson (D),
Jillian Gilchrest (D),
John Hennessy (WFP),
David Michel (D),
Anthony Nolan (D),
Christine Palm (D),
Robyn Porter (D),
Bobby Sanchez (D),
Travis Simms (D),
Derek Slap (D),
Brian Smith (D),
Edwin Vargas (D),
Quentin Williams (D),
Michael Winkler (D),
Last Action
Public Hearing 03/15 (on 03/11/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00821&which_year=2021 |
| BillText | https://www.cga.ct.gov/2021/TOB/S/PDF/2021SB-00821-R00-SB.PDF |
| Bill | https://www.cga.ct.gov/2021/TOB/s/pdf/PDF/2021SB-00821-R00-SB.PDF |
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