summary
Introduced
02/13/2024
02/13/2024
In Committee
02/13/2024
02/13/2024
Crossed Over
Passed
Dead
05/08/2024
05/08/2024
Introduced Session
2024 General Assembly
Bill Summary
To establish a capital gains surcharge on certain taxpayers, for deposit in the General Fund and the Special Transportation Fund.
AI Summary
This bill establishes a capital gains surcharge on certain taxpayers in Connecticut. The surcharge would be 1% for taxpayers with a Connecticut adjusted gross income equal to or greater than the threshold amount for the highest marginal tax rate, and 0.75% for taxpayers with income equal to or greater than the threshold for the second-highest marginal rate. Seventy-five percent of the revenue generated from the surcharge would be deposited into the state's General Fund, while the remaining 25% would go to the Special Transportation Fund.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Finance, Revenue and Bonding Public Hearing (00:00:00 3/6/2024 ) (on 03/06/2024)
Taxonomy
Macroeconomics
- ‐ National Budget and Debt
- ‐ Taxation, Tax Policy, and Tax Reform
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00035&which_year=2024 | 02/09/2024 |
| BillText | https://www.cga.ct.gov/2024/TOB/S/PDF/2024SB-00035-R00-SB.PDF | 02/09/2024 |
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