AN ACT CONCERNING THE TAXATION OF RESIDENTS BY OTHER STATES ON INCOME DERIVED FROM SERVICES RENDERED WITHIN THIS STATE.

This bill targets Connecticut residents who work remotely for out-of-state employers and face double taxation by both Connecticut and the other state. It reduces the tax credit for income taxes paid to other states from 100% to 99.9% for cases where those states tax income based on services performed within Connecticut. The bill also creates a fund to cover legal fees for residents appealing such taxes and requires the state tax commissioner to investigate and take action against jurisdictions imposing these taxes. These provisions aim to reduce the financial burden of double taxation for affected residents.