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CT SB00039

Bill

Status

Introduced

2/4/2026

Primary Sponsor

Ryan Fazio

Click for details

Origin

Senate

2026 General Assembly

AI Summary

  • Amends Chapter 229 of the general statutes to require automatic annual adjustment of personal income tax bracket thresholds
  • Income thresholds would be indexed to changes in the Consumer Price Index (CPI)
  • Aims to prevent "bracket creep," where inflation pushes taxpayers into higher tax brackets without real income gains
  • Introduced by Senator Fazio (36th District) and referred to the Finance, Revenue and Bonding Committee

Legislative Description

An Act Requiring The Indexing Of Income Thresholds For The Personal Income Tax.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/4/2026

Committee Referrals

Finance, Revenue and Bonding2/4/2026

Full Bill Text

No bill text available