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Bill > HB05081
CT HB05081
CT HB05081An Act Establishing An Additional Marginal Rate For The Personal Income Tax And Dedicating The Revenue Generated To Certain Purposes.
summary
Introduced
02/09/2026
02/09/2026
In Committee
02/09/2026
02/09/2026
Crossed Over
Passed
Dead
Introduced Session
2026 General Assembly
Bill Summary
To (1) establish an additional marginal rate for the personal income tax of at least four per cent on the portion of an individual's taxable income in excess of one million dollars, and (2) dedicate the revenue generated from such tax to certain purposes.
AI Summary
This bill proposes to amend existing tax laws by introducing an additional tax rate for personal income. Specifically, it would establish a new "marginal rate," which is an extra tax applied to income earned above a certain threshold, of at least four percent on any taxable income an individual earns that exceeds one million dollars. The revenue generated from this new tax would then be specifically allocated to fund education, higher education institutions, child care services, and the upkeep and accessibility of roads, bridges, and public transportation systems.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Joint Committee on Finance, Revenue and Bonding (on 02/09/2026)
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=HB05081&which_year=2026 |
| BillText | https://www.cga.ct.gov/2026/TOB/H/PDF/2026HB-05081-R00-HB.PDF |
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