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CT HB05133

CT HB05133
An Act Increasing The Highest Marginal Rate Of The Personal Income Tax.


summary

Introduced
02/10/2026
In Committee
02/10/2026
Crossed Over
Passed
Dead

Introduced Session

2026 General Assembly

Bill Summary

To increase the highest marginal rate of the personal income tax from six and ninety-nine-hundredths per cent to seven and ninety-nine-hundredths per cent.

AI Summary

This bill, titled "An Act Increasing The Highest Marginal Rate Of The Personal Income Tax," proposes to amend section 12-700 of the general statutes, which deals with personal income tax. The key provision is to raise the highest marginal rate, meaning the tax rate applied to the highest portion of an individual's income, from 6.99% to 7.99%. This change is intended to increase state revenue by taxing higher earners at a slightly higher percentage.

Committee Categories

Budget and Finance

Sponsors (34)

Last Action

Finance, Revenue and Bonding Public Hearing (00:00:00 2/27/2026 ) (on 02/27/2026)

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