Lamont Touts 2024 Tax Relief
Several tax cuts passed by legislators in the General Assembly earlier this year are set to go into effect in less than two weeks, and Gov. Ned Lamont wants to remind everyone about them.
House Approves $51B Budget with Historic Tax Cut, Housing Investments
The Connecticut House of Representatives overwhelmingly passed a two-year, $51 billion state budget early Tuesday that includes a historic cut to the state’s personal income tax.
Lamont’s Budget to Include Permanent Income Tax Cuts
Connecticut Gov. Ned Lamont announced Monday his new two-year budget plan will include the state’s first personal income tax rate reduction since 1996, one of several tax relief proposals he will officially unveil to the General Assembly on Wednesday.
Lamont Lauds Tax Cuts; GOP Seeks Special Session to Cut More
On the same day Democratic Gov. Ned Lamont launched a campaign ad touting recent tax-cutting measures, Connecticut Republicans on Tuesday demanded a special session to cut even more, calling the 25-cent-per-gallon gas tax holiday “embarrassing” now that prices are near $5 a gallon in the state and inflation continues to affect the price of goods and services.
Connecticut Senate Sends Budget With Tax Cuts to Governor
The Connecticut Senate sent a revised, one-year $24.2 billion state budget to Democratic Gov. Ned Lamont’s desk on Tuesday night that Democrats lauded as historic but Republicans derided as falling short for the taxpayers.
Lamont’s Car Tax Cap Proposal Gets Mixed Reviews
Some municipal leaders and state legislators are raising concerns about Gov. Ned Lamont’s election year proposal to lower the state’s cap on local taxes for motor vehicles, worried cities and towns could ultimately wind up losing much-needed revenue while wealthier drivers might benefit the most from the plan.
Lamont Unveils ‘Comeback’ Budget
Gov. Ned Lamont, delivering a rosy election-year speech, unveiled a $24 billion budget proposal that includes tax cuts and financial help for entrepreneurs, but the budget got mixed reviews from his political allies and opponents.
Lamont Proposes $336M in Tax Cuts
Connecticut Gov. Ned Lamont unveiled a five-part plan Wednesday to reduce taxes by about $336 million, with a particular focus on lessening the financial burden of local property taxes.
House OKs Bill Suspending Cap on State, Local Tax Deductions
The Democratic-controlled House approved legislation Thursday to suspend for two years the $10,000 cap on state and local tax deductions that came with President Donald Trump’s massive 2017 tax law, which some say has helped keep down demand for high-end housing.
Tax Cuts Becomes Hot Issue in Governor Race
The race for governor has given rise to a heated debate over taxes, with the two major party candidates offering competing plans to either eliminate the state’s personal income tax or reduce local property taxes.
Connecticut Boat Dealers Seeing Effects of Tax Cut
A cut in Connecticut’s sales tax on marine vessels, set for July 1, already has begun to provide a much-needed boost to Connecticut’s boating industry, according to boat sellers.
