CT HB05186

Establishes a 1 percentage point surcharge on the affected business entity tax under chapter 228z of the general statutes

Reduces the tax credit for filers in the highest marginal income tax bracket to 83.6% (from the current rate)

Increases the tax credit for filers in the three lowest marginal income tax brackets to 93.01%

Creates a new 10% surcharge on federal qualified business income deductions claimed by filers subject to the highest marginal tax rate under section 12-700