HB05117

Establishes a 4% marginal tax rate on personal income over $1 million, dedicating revenue to education, child care, and infrastructure.

Connecticut HB05117 establishes a 4% marginal tax rate on personal income exceeding $1 million. The revenue generated from this tax would be dedicated to education, including universal school meals, school construction, higher education, and free public colleges and universities. It also supports child care, higher wages for child care workers, and provides baby supplies for new parents. Additionally, the revenue would fund the repair and maintenance of roads, bridges, and public transportation.