Bill > HB05117

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. This new rate would be at least four percent and would apply to the portion of an individual's "taxable income" – meaning income after deductions and exemptions – that exceeds one million dollars. The revenue generated from this additional tax would then be dedicated to a variety of public services, including education, universal school meals, school construction and repairs, higher education and free public colleges, child care services and higher wages for child care workers, baby supplies for new parents, and the repair, maintenance, and accessibility of roads, bridges, and public transportation, as well as free public transit.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05117&which_year=2026