Feb. 3, 2022
Connecticut Gov. Ned Lamont announced a package of tax proposals that would:
- accelerate the phase-in of the personal income tax exemption for pension and annuity income;
- expand the corporation business tax credit for student loan repayments by employers;
- restore eligibility for the property tax credit to all personal income taxpayers and increase the credit; and
- reduce motor vehicle property taxes.
Press Release, Office of Connecticut Gov. Ned Lamont, February 2, 2022
To learn more about how this package can save your organization money, reach out to Ashmore Consulting.
The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ashmore Consulting LLC to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader’s specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact Ashmore Consulting LLC or other tax professional prior to taking any action based upon this information. Ashmore Consulting LLC assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.
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