Establishes a cap on the aggregate amount of personal income tax revenue Connecticut may collect.
This bill amends title 12 of the general statutes to establish a cap on the aggregate amount of personal income tax revenue the state may collect. Any amount collected in excess of this cap will be refunded to taxpayers on a pro rata basis. The purpose is to limit the total personal income tax revenue collected by the state.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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