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CT SB00035
Bill
Status
Introduced
2/13/2024
Primary Sponsor
Martin Looney
Click for details
AI Summary
- Establishes a surcharge on net gains from the sale or exchange of capital assets for taxpayers in Connecticut's highest and second highest income tax brackets
- Imposes a 1% surcharge on the highest bracket and 0.75% surcharge on the second highest bracket, as defined in section 12-700 of Connecticut general statutes
- Directs 75% of surcharge revenue to the General Fund and 25% to the Special Transportation Fund
- Amends title 12 of the Connecticut general statutes to implement the new surcharge
Legislative Description
An Act Establishing A Capital Gains Surcharge.
Last Action
Public Hearing 03/06
3/1/2024
Committee Referrals
Finance, Revenue and Bonding2/13/2024
Full Bill Text
No bill text available