Connecticut SB00181 transfers $330,811,954 from the Budget Reserve Fund to the General Fund for personal income tax refunds.
Connecticut SB00181 mandates the transfer of $330,811,954 from the Budget Reserve Fund to the General Fund. This fund will be used to provide personal income tax refunds to taxpayers who filed a federal income tax return for the taxable year. The refunds will be calculated by the Department of Revenue Services. This bill aims to ensure that taxpayers receive their refunds as calculated by the relevant state department.
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