SB 103

General Assembly  Proposed Bill No. 103
   February Session, 2026  LCO No. 503
 Referred to Committee on  FINANCE, REVENUE AND
 BONDING
 Introduced by:
  SEN. LOONEY, 11th Dist.
 AN ACT ESTABLISHING A REFUNDABLE CHILD TAX CREDIT.
 Be it enacted by the Senate and House of Representatives in General
 Assembly convened:
1That chapter 229 of the general statutes be amended to establish a
2    refundable child tax credit against the personal income tax for up to
3    three children, in the amount of one hundred fifty dollars per child for
4    the taxable year commencing January 1, 2026, and phasing up to six
5    hundred dollars per child over the three taxable years next succeeding,
6    provided such amount be reduced five per cent for every one thousand
7    dollars or fraction thereof of federal adjusted gross income over (1) one
8    hundred thousand dollars for an unmarried individual or a married
9    individual filing separately, (2) one hundred sixty thousand dollars for
10    a head of household, and (3) two hundred thousand dollars for married
11    individuals filing jointly.
    Statement of Purpose:
    To establish a refundable child tax credit.
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