CT SB01246

Extends corporate business tax operating loss carry-over period from 20 years to 30 years for losses incurred on or after January 1, 2025, and extends the 10% corporate surtax through income years beginning prior to January 1, 2029

Restructures hospital tax starting July 1, 2026, to use actual federal fiscal year revenue data instead of fixed 2016 baseline, with total hospital supplemental payments increasing from $568.3 million to $708.3 million in FY2027, plus $25 million annual increases thereafter

Creates new personal income tax credits including $150 per child (up to 3 children) for taxpayers with income under $100,000-$200,000 depending on filing status, and a $500 credit for licensed family child care home owners

Imposes a 1.75% surcharge on capital gains for high-income taxpayers ($1 million+ for single filers, $2 million+ for joint filers) for taxable years 2025-2028, with one-time exclusions for primary residence or business sales

Eliminates licensure fees for numerous healthcare professions including nurses, physician assistants, paramedics, physical therapists, dental hygienists, and social workers, as well as application fees for certain electrical, plumbing, and HVAC trade licenses