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CT SB00742
Bill
Status
Introduced
1/17/2025
Primary Sponsor
Martin Looney
Click for details
AI Summary
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Establishes a surcharge on net gains from the sale or exchange of capital assets for high-income Connecticut taxpayers
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Imposes a 1% surcharge on capital gains for taxpayers whose adjusted gross income meets the threshold for the state's highest marginal tax rate
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Imposes a 0.75% surcharge on capital gains for taxpayers whose adjusted gross income meets the threshold for the second-highest marginal tax rate
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Amends Title 12 of the Connecticut General Statutes, referencing income thresholds specified in section 12-700
Legislative Description
An Act Establishing A Capital Gains Surcharge.
Last Action
Public Hearing 02/26
2/20/2025
Committee Referrals
Finance, Revenue and Bonding1/17/2025
Full Bill Text
No bill text available