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CT SB00036

Bill

Status

Introduced

2/13/2024

Primary Sponsor

Martin Looney

Click for details

Origin

Senate

2024 General Assembly

AI Summary

  • Establishes a refundable child tax credit against Connecticut personal income tax for up to three dependent children per household
  • Credit starts at $50 per child for tax year 2024 and phases up to $600 per child over four subsequent years
  • Credit reduces by 10% for every $1,000 (or fraction thereof) of federal adjusted gross income exceeding: $100,000 for unmarried individuals or married individuals filing separately, $160,000 for heads of household, and $200,000 for married couples filing jointly
  • Amends Chapter 229 of the Connecticut General Statutes
  • Referred to Committee on Finance, Revenue and Bonding

Legislative Description

An Act Establishing A Refundable Child Tax Credit.

Last Action

Public Hearing 03/06

3/1/2024

Committee Referrals

Finance, Revenue and Bonding2/13/2024

Full Bill Text

No bill text available