CT HB05090

Establish a 1.5% surcharge on net gains from the sale or exchange of capital assets for taxpayers whose Connecticut adjusted gross income equals or exceeds the threshold for the highest marginal tax rate.

Reduce personal income tax rates on Connecticut adjusted income up to $50,000 for unmarried individual filers and up to $100,000 for married couples filing jointly.

Amend Title 12 of the Connecticut General Statutes to implement both the capital gains surcharge and the income tax rate reductions.