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CT SB00058
Bill
Status
Introduced
2/4/2026
Primary Sponsor
Jason Perillo
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AI Summary
- Restores a $2.5 million cap on combined group tax liability calculated on a unitary basis under Connecticut General Statutes section 12-218e(k)
- Reverses a change made by Public Act 25-168, which had eliminated this tax liability cap
- Provides tax relief to corporate combined groups by limiting their maximum unitary tax obligation
- Introduced by Senator Perillo of the 21st District and referred to the Finance, Revenue and Bonding Committee
Legislative Description
An Act Restoring The Cap On A Combined Group's Tax Liability On A Unitary Basis.
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