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Bill > HB05986


CT HB05986

CT HB05986
An Act Establishing A Refundable Child Tax Credit Against The Personal Income Tax.


summary

Introduced
01/22/2025
In Committee
01/22/2025
Crossed Over
Passed
Dead
06/04/2025

Introduced Session

2025 General Assembly

Bill Summary

To establish a refundable child tax credit.

AI Summary

This bill proposes to amend Connecticut's tax laws by establishing a new refundable child tax credit for personal income tax filers. Under the proposed legislation, eligible taxpayers with a federal adjusted gross income of $100,000 or less for single filers, or $200,000 or less for married couples filing jointly, can claim a tax credit of $600 per child, with the credit applying to up to three children. A refundable tax credit means that if the credit amount exceeds the taxpayer's total tax liability, the excess will be paid out to the taxpayer as a direct payment, providing financial support to families with children. This tax credit aims to provide additional financial relief to lower and middle-income families by reducing their tax burden and potentially offering a direct cash benefit.

Committee Categories

Budget and Finance

Sponsors (75)

Hector Arzeno (D)* Andre Baker (D)* Kai Belton (D)* Aimee Berger-Girvalo (D)* Patrick Biggins (D)* Matt Blumenthal (D)* Kevin Brown (D)* Marcus Brown (D)* Aundre Bumgardner (D)* Juan Candelaria (D)* Brandon Chafee (D)* Eilish Collins Main (D)* Robin Comey (D)* David DeFronzo (D)* Hubert Delany (D)* Mike Demicco (D)* Jason Doucette (D)* Josh Elliott (D)* Kate Farrar (D)* Jack Fazzino (D)* Antonio Felipe (D)* Mary Fortier (D)* Nicholas Gauthier (D)* Fred Gee (D)* Bob Godfrey (D)* Ken Gucker (D)* Gregg Haddad (D)* William Heffernan (D)* Anne Hughes (D)* Jonathan Jacobson (D)* Dominique Johnson (D)* Susan Johnson (D)* Eleni Kavros DeGraw (D)* Sarah Keitt (D)* Mary LaMark Muir (D)* Jenn Leeper (D)* Roland Lemar (D)* Liz Linehan (D)* Geoff Luxenberg (D)* Rebecca Martinez (D)* Cristin McCarthy Vahey (D)* Treneé McGee (D)* Nicholas Menapace (D)* Amy Morrin Bello (D)* Mary Mushinsky (D)* Anthony Nolan (D)* Corey Paris (D)* John-Michael Parker (D)* Geraldo Reyes (D)* Kadeem Roberts (D)* Christopher Rosario (D)* Kevin Ryan (D)* Manny Sanchez (D)* John Santanella (D)* Hilda Santiago (D)* Farley Santos (D)* Kaitlyn Shake (D)* Michael Shannon (D)* Steve Stafstrom (D)* Laurie Sweet (D)* Gary Turco (D)* Mary Welander (D)* Derell Wilson (D)* Steven Winter (D)* Saud Anwar (D),  Christine Cohen (D),  Savet Constantine (D),  Sujata Gadkar-Wilcox (D),  Daniel Gaiewski (D),  Minnie Gonzalez (D),  Julie Kushner (D),  Al Paolillo (D),  Michael Quinn (D),  M.D. Rahman (D),  Kara Rochelle (D), 

Last Action

Finance, Revenue and Bonding Public Hearing (00:00:00 2/26/2025 ) (on 02/26/2025)

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