HB 5081

General Assembly  Proposed Bill No. 5081
      February Session, 2026  LCO No. 702
    Referred to Committee on  FINANCE, REVENUE AND
    BONDING
    Introduced by:
     REP. GAUTHIER, 38th Dist.
 AN ACT ESTABLISHING AN ADDITIONAL MARGINAL RATE FOR THE
 PERSONAL INCOME TAX AND DEDICATING THE REVENUE
 GENERATED TO CERTAIN PURPOSES.
 Be it enacted by the Senate and House of Representatives in General
 Assembly convened:
1  That chapter 229 of the general statutes be amended to (1) establish
2      an additional marginal rate for the personal income tax of at least four
3      per cent on the portion of an individual's taxable income in excess of one
4      million dollars, and (2) dedicate the revenue generated from such tax to
5      education, higher education, child care and the repair and maintenance
6      of, and access to, roads, bridges and public transportation.
       Statement of Purpose:
       To (1) establish an additional marginal rate for the personal income tax
       of at least four per cent on the portion of an individual's taxable income
       in excess of one million dollars, and (2) dedicate the revenue generated
       from such tax to certain purposes.
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