Connecticut SB00100 reduces personal income tax rates for lower-income taxpayers.
Connecticut SB00100 proposes to amend the state's personal income tax rates. It reduces the two lowest marginal rates for taxpayers with adjusted gross income below $100,000 for single filers and $200,000 for married individuals filing jointly. Specifically, the bill lowers the rate from 2% to 0% and from 4.5% to 3%. This change aims to provide tax relief to lower-income taxpayers.
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