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 refundable child tax credit against the personal income tax.
AI Summary
This bill establishes a refundable child tax credit against the personal income tax. It allows for a credit of up to $50 per child for the 2024 tax year, which will phase up to $600 per child over the following four years. The credit is reduced by 10% for every $1,000 of federal adjusted gross income over $100,000 for unmarried individuals or married filing separately, $160,000 for heads of household, and $200,000 for married filing jointly.
Committee Categories
Budget and Finance
Sponsors (18)
Martin Looney (D)*,
Saud Anwar (D),
Kevin Brown (D),
Brandon Chafee (D),
Hubert Delany (D),
Mike Demicco (D),
Josh Elliott (D),
Herron Gaston (D),
Fred Gee (D),
Eleni Kavros DeGraw (D),
Sarah Keitt (D),
Julie Kushner (D),
Martha Marx (D),
David Michel (D),
Anthony Nolan (D),
Robyn Porter (D),
M.D. Rahman (D),
Gary Winfield (D),
Last Action
Finance, Revenue and Bonding Public Hearing (00:00:00 3/6/2024 ) (on 03/06/2024)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Social Welfare
- ‐ Family Issues
Official Document
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=SB00036&which_year=2024 | 02/09/2024 |
| BillText | https://www.cga.ct.gov/2024/TOB/S/PDF/2024SB-00036-R00-SB.PDF | 02/09/2024 |
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