Connecticut SB00104 establishes a capital gains surcharge on taxpayers with high incomes.
Connecticut SB00104 introduces a capital gains surcharge for taxpayers whose Connecticut adjusted gross income meets or exceeds the threshold for the highest and second highest marginal rates. This bill aims to impose a one percent and seventy-five-hundredth percent surcharge on the net gain from the sale or exchange of capital assets for these taxpayers. The surcharge is intended to generate additional revenue from high-income individuals.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.