Bill > SB00789

This bill proposes to establish an optional payroll expense tax, which would allow local governments or businesses to voluntarily implement a tax calculated based on total employee payroll expenses. While the provided legislative text is quite brief and lacks specific details, an optional payroll expense tax typically means that employers would have the choice to pay a tax calculated as a percentage of their total wages and compensation paid to employees. Such taxes can serve various policy goals, such as generating municipal revenue, funding specific programs, or providing an alternative to other forms of taxation. The bill appears to be enabling legislation that would create a legal framework for this optional tax, though the exact rate, implementation details, and specific use of revenues are not specified in the provided text. The bill would require further legislative development and specific regulatory guidance to fully define its parameters and operational mechanics.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00789&which_year=2025