Connecticut SB00095 establishes a $500 personal income tax credit for defense contractor employees and their suppliers and subcontractors.
Connecticut SB00095 amends the general statutes to create a $500 credit against personal income tax for employees of defense contractors and their direct suppliers and subcontractors. This credit applies to those with an adjusted gross income below $125,000 for single filers and below $250,000 for married individuals filing jointly. The purpose is to provide financial relief to these specific employees.
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