Connecticut HB05133 proposes to raise the highest personal income tax rate from 6.99% to 7.99%.
Connecticut HB05133 seeks to amend the state's general statutes by increasing the highest marginal rate of the personal income tax from 6.99% to 7.99%. This change would affect individuals with the highest income brackets, potentially increasing their tax liability. The bill aims to adjust the tax structure to better align with current economic conditions and revenue needs.
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