Bill > SB00104

This bill establishes a new tax, called a capital gains surcharge, on individuals in Connecticut. This surcharge will apply to the profit made from selling or exchanging capital assets, such as stocks or real estate. Specifically, it targets taxpayers whose Connecticut adjusted gross income, which is their income after certain deductions, meets or exceeds the income level where the highest and second-highest state income tax rates apply. For these taxpayers, an additional tax of one percent and seventy-five-hundredths of a percent will be added to their capital gains. The purpose of this legislation is to impose this additional tax on certain taxpayers who realize significant profits from capital assets.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00104&which_year=2026