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Bill > SB00058
CT SB00058
CT SB00058An Act Restoring The Cap On A Combined Group's Tax Liability On A Unitary Basis.
summary
Introduced
02/04/2026
02/04/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
Passed
Dead
Introduced Session
2026 General Assembly
Bill Summary
To restore the cap of two million five hundred thousand dollars on a combined group's tax liability on a unitary basis.
AI Summary
This bill aims to reinstate a tax liability cap of $2.5 million for a "combined group" of businesses that operate as a single economic unit, known as a "unitary basis." This means that even if the combined profits of these related businesses exceed this amount, their total tax liability will not go above $2.5 million. The bill specifically seeks to reverse a change made by a previous law, Public Act 25-168, which had removed this cap.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Joint Committee on Finance, Revenue and Bonding (on 02/04/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00058&which_year=2026 |
| BillText | https://www.cga.ct.gov/2026/TOB/S/PDF/2026SB-00058-R00-SB.PDF |
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