Bill > SB00084

This bill, titled "An Act Concerning Revenue Items To Implement The Governor's Budget," makes several changes to state law primarily related to revenue and taxation. Key provisions include adjustments to depreciation deductions for businesses, modifications to the hospital tax rates and revenue calculations, the introduction of a tax credit for research and development expenses for qualified small businesses, and a rebate program for sales tax paid by eligible residents based on their 2024 income. Additionally, the bill alters various licensing fees for professionals such as physician assistants, midwives, paramedics, occupational therapists, dentists, nurses, and various tradespeople, often eliminating or reducing these fees. It also modifies the threshold for transferring excess personal income tax revenue to the Budget Reserve Fund and adjusts municipal aid allocations. Finally, the bill introduces a property tax exemption for accessory apartments and makes technical changes to various statutes to align with these revenue and budgetary adjustments.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00084&which_year=2026