The Connecticut Business & Industry Association is the voice of business in Connecticut, with thousands of member companies championing change at the State Capitol, shaping debate about economic competitiveness, and fighting for a better future for all.
Track legislation and regulations, directly engage your state legislators, and help change Connecticut's business climate.
Keep pace with the latest legislative developments. Find and track bills that impact your business, from taxes and state spending to the environment and labor.
Mitigates the $317 million budget deficit for the current fiscal year, using most of the state's rainy day fund, withholding $19.4 million in casino proceeds from cities and towns, and one-time revenue sweeps from other funds.
Creates working group to develop state initiatives to encourage the growth of the microbiome sector in Connecticut.
Increases the state sales tax from 6.35% to 6.99% and allows municipalities to tax real property at 100% of assessed value instead of the current 70%.
Hikes the state income tax for high-income earners from 6.99% to 7.49%; imposes a 10% occupancy tax on bed and breakfasts; and imposes an additional $5 fee on motor vehicle registrations.
Imposes a 19% surcharge on income derived from investment management services to take effect upon certification by the Commissioner of Revenue Services of the enactment of substantially similar legislation by N.J., N.Y., and MA.