Budget & Taxes (Business Taxes)

in committee · Connecticut · Senate Apr 20, 2026

SB 84: AN ACT CONCERNING ADJUSTMENTS TO STATE REVENUE.

SB 84 modifies state tax rules to implement the governor's budget. It primarily reduces the hospital tax rate for inpatient services from 6% to 4.1% starting July 2026, further lowering to 4% in 2030 and 3.5% after 2031. The bill also changes business tax deductions by disallowing 80% of Section 179 deductions (with a four-year recovery) and modifies depreciation rules for federal tax purposes. These changes directly affect hospitals and businesses claiming these specific tax deductions.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill reduces hospital tax rate (6% to 4.1%) starting 2026, providing tax relief per governor's budget implementation.90% confidence

Sub-Topics Business Taxes Revenue State Budget

Track

in committee · Connecticut · House Feb 10, 2026

HB 5130: AN ACT CONCERNING THE SALES AND USE TAXES IMPOSED ON MEALS SOLD BY AN EATING ESTABLISHMENT, CATERER OR GROCERY STORE.

HB 5130 would remove a 1% additional sales tax on meals sold by restaurants, caterers, and grocery stores. The bill amends tax code to eliminate this specific surcharge, which currently applies to food purchased for immediate consumption at these businesses. This change directly affects establishments that serve prepared meals, reducing their tax burden on qualifying sales. The policy shift would lower costs for these businesses without altering the standard sales tax rate.

Topics ✓ Budget & TaxesSupports Budget & TaxesRemoves 1% meal tax surcharge, providing tax relief to restaurants/caterers, reducing business tax burden under tax policy.95% confidence

Sub-Topics Business Taxes Fees & Licensing Sales Tax

Track

in committee · Connecticut · House Feb 11, 2026

HB 5195: AN ACT ESTABLISHING A TAX CREDIT FOR BUSINESSES THAT INSTALL A MEADOW IN LIEU OF A LAWN.

HB 5195 creates a tax credit for businesses that replace traditional lawns with native meadow landscapes on their properties. This policy directly affects commercial property owners who choose this alternative landscaping option. The bill establishes a financial incentive by allowing qualifying businesses to reduce their state tax liability based on the installation cost of the meadow. The provision aims to promote eco-friendly land management without specifying credit amounts or eligibility thresholds.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credit for businesses, providing tax relief to incentivize eco-friendly landscaping, directly supporting tax policy incentives.95% confidence ✓ EnvironmentSupports EnvironmentIncentivizes native meadow installation to conserve water, support biodiversity, and reduce maintenance needs - directly advancing conservation goals through financial incentives.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Public Lands

Track

in committee · Connecticut · House Feb 4, 2026

HB 5025: AN ACT ELIMINATING THE HIGHWAY USE TAX.

HB 5025 would eliminate the highway use tax by amending section 12-493a of the state's general statutes. This change would remove the tax requirement from state law, ending the obligation for individuals and businesses currently subject to it. The bill directly affects those required to pay the highway use tax, typically related to vehicle usage on state highways. The key mechanism is the deletion of the tax provision from the statute, with no additional requirements or exceptions specified.

Topics ✗ Budget & TaxesOpposes Budget & TaxesEliminates a state tax revenue source, directly reducing government income without offsetting funding or justification.95% confidence

Sub-Topics Business Taxes Sales Tax

Track

in committee · Connecticut · House Apr 16, 2026

HB 5114: AN ACT ESTABLISHING A REFUNDABLE CREDIT AGAINST THE PERSONAL INCOME TAX FOR A PORTION OF ANNUAL RENT PAYMENTS MADE BY A TAXPAYER FOR A PRIMARY RESIDENCE IN THE STATE.

HB 5114 would create a refundable tax credit for renters in the state who pay personal income tax. It allows eligible renters to claim a credit equal to a portion of their rent payments for a primary residence, based on the property tax assessed on that rental property. This credit directly reduces the renter's tax liability and, because it's refundable, could provide a cash refund even if the renter owes no tax. The bill affects renters with primary residences in the state who pay income tax, targeting those whose rent payments correlate with the property tax burden on their landlord's property.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable tax credit reducing renter's tax liability, providing direct relief to eligible renters - aligns with tax relief for lower/middle income.90% confidence ✓ HousingSupports HousingCreates refundable tax credit reducing rent costs for primary residence renters, directly increasing housing affordability for eligible tenants.95% confidence

Sub-Topics Business Taxes Income Tax Tax Credits Landlords Renters Tenant Rights

Track

in committee · Connecticut · Senate Feb 4, 2026

SB 72: AN ACT ELIMINATING STATE TAXES OR FEES FOR WHICH COLLECTION COSTS EXCEED THE REVENUE RECEIVED.

SB 72 would eliminate state taxes or fees where the cost to collect them exceeds the revenue they generate. This applies directly to specific taxes or fees meeting this cost-revenue threshold, affecting taxpayers subject to those eliminated charges. The bill’s key mechanism requires automatic removal of such taxes/fees from state statutes through statutory amendment. It does not target specific existing taxes but establishes a general rule for eliminating inefficient revenue streams.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates inefficient tax collection costs, promoting fiscal responsibility by removing revenue streams that cost more to collect than generated.95% confidence

Sub-Topics Business Taxes Fees & Licensing Sales Tax

Track

in committee · Connecticut · Senate Feb 11, 2026

SB 184: AN ACT EXEMPTING CERTAIN ARTICLES OF CLOTHING FROM THE SALES AND USE TAXES.

SB 184 would exempt from state sales and use taxes the purchase of clothing items priced under $100. This directly affects consumers buying affordable clothing, as they would no longer pay tax on these items. The bill amends tax law to remove the tax requirement for clothing costing less than $100, applying to both in-store purchases and online orders within the state. It does not change tax rates for other goods or services. The exemption applies to all eligible clothing items sold within the state.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts clothing under $100 from sales tax, providing direct tax relief to lower-income consumers purchasing affordable items.95% confidence

Sub-Topics Business Taxes Sales Tax

Track

in committee · Connecticut · Senate Feb 20, 2026

SB 101: AN ACT ESTABLISHING A STATE-WIDE PROPERTY TAX ON CERTAIN RESIDENTIAL REAL PROPERTY.

SB 101 would create a new statewide property tax on residential properties valued over $3 million. It sets three tax rates based on property value: 0.2% (2 mills) for homes worth $3-5 million, 0.3% (3 mills) for $5-10 million properties, and 0.4% (4 mills) for homes valued at $10 million or more. This tax would apply uniformly across the state to qualifying high-value residential properties, directly affecting owners of such homes. The bill specifies the tax rates but does not detail how the revenue would be allocated.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates new property tax revenue source for state budget via tiered rates (0.2%-0.4%) on high-value homes ($3M+), directly advancing state tax collection.95% confidence

Sub-Topics Business Taxes Property Tax Sales Tax

Track

in committee · Connecticut · Senate Apr 1, 2026

SB 363: AN ACT ALLOWING MUNICIPALITIES TO IMPOSE COMMERCIAL VACANCY ASSESSMENTS IN CERTAIN DISTRICTS.

SB 363 allows municipalities to charge commercial property owners a fee of $5 per square foot annually for properties that remain vacant in designated districts for more than 180 days in a year. It directly affects commercial property owners in specific zones (like downtown areas) who leave properties unused, while exempting properties under active renovation, facing regulatory delays, or impacted by disasters. The fee is due alongside regular property taxes and can be appealed through existing legal channels. This bill creates a direct financial incentive for property owners to occupy or develop vacant commercial spaces in targeted areas.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates municipal tax on vacant commercial properties, generating revenue for local budgets, aligning with fiscal management and tax policy.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Economic Development

Track

passed · Connecticut · House May 5, 2026

HB 5292: AN ACT EXEMPTING CERTAIN SALES TO MILITARY AND VETERANS-RELATED ORGANIZATIONS FROM THE SALES AND USE TAXES.

HB 5292 exempts sales of tangible personal property or services to qualifying military and veterans' organizations from state sales and use taxes. The bill specifically targets organizations recognized under IRS Section 501(c)(19) (veterans' organizations) and requires them to provide documentation, such as a Treasury Department determination letter or an existing exemption permit, to prove eligibility at the time of purchase. This exemption applies to items used exclusively for the organization's established purposes, with the organization liable for taxes if items are misused. The change takes effect October 1, 2026, for all sales occurring on or after that date.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts military/veterans orgs from sales tax, providing direct tax relief. Aligns with support indicators of tax reduction for qualifying entities without defunding public services.95% confidence ✓ VeteransSupports VeteransExempts sales tax for veterans' organizations (IRS 501(c)(19)), reducing operational costs and directly supporting their services through tax relief.95% confidence

Sub-Topics Business Taxes Sales Tax Memorials & Recognition

Track