CT SB00740

Creates a refundable child tax credit against Connecticut personal income tax for up to three children per household

Credit begins at $150 per child for taxable year starting January 1, 2025, increasing to $600 per child over the following three taxable years

Credit phases out at 5% for every $1,000 of federal adjusted gross income above income thresholds

Income thresholds: $100,000 for unmarried individuals or married filing separately; $160,000 for head of household; $200,000 for married filing jointly