Bill > HB05153

This bill proposes to establish a new two percent surcharge on capital gains (profits from selling investments) for high-income taxpayers in Connecticut. Specifically, the surcharge will apply to taxpayers whose Connecticut adjusted gross income is at or above the threshold for the highest marginal tax rate. The revenue generated from this surcharge will be directly deposited into the Early Childhood Education Fund, which is likely designed to support early learning programs and educational initiatives for young children. By targeting high-income earners and directing the additional tax revenue specifically to early childhood education, the bill aims to generate additional funding for educational resources while ensuring that the financial burden falls primarily on those with higher incomes.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05153&which_year=2025