HB 5186

General Assembly  Proposed Bill No. 5186
      February Session, 2026  LCO No. 946
    Referred to Committee on  FINANCE, REVENUE AND
    BONDING
    Introduced by:
     REP. DOUCETTE, 13th Dist.  REP. KHAN, 5th Dist.
     REP. BIGGINS, 11th Dist.  REP. LEMAR, 96th Dist.
     REP. BROWN, 56th Dist.  REP. LUXENBERG, 12th Dist.
     REP. BROWN M., 127th Dist.  REP. MARTINEZ, 22nd Dist.
     REP. CHAFEE, 33rd Dist.  REP. MENAPACE, 37th Dist.
     REP. DEMICCO, 21st Dist.  REP. MCGEE T., 116th Dist.
     REP. ELLIOTT, 88th Dist.  REP. MORRIN BELLO, 28th Dist.
     REP. FARRAR, 20th Dist.  REP. NOLAN, 39th Dist.
     REP. FORTIER, 79th Dist.  REP. PARIS, 145th Dist.
     REP. GAUTHIER, 38th Dist.  REP. ROCHELLE, 104th Dist.
     REP. GILCHREST, 18th Dist.  REP. SHAKE, 120th Dist.
     REP. GODFREY, 110th Dist.  REP. SHANNON, 117th Dist.
     REP. GUCKER, 138th Dist.  REP. SIMMS, 140th Dist.
     REP. HEFFERNAN, 115th Dist.  SEN. SLAP, 5th Dist.
     REP. JOHNSON, 49th Dist.  REP. SWEET, 91st Dist.
     REP. KAVROS DEGRAW, 17th Dist.  REP. TURCO, 27th Dist.
     REP. KEITT, 134th Dist.  REP. WINTER, 94th Dist.
 AN ACT CONCERNING THE AFFECTED BUSINESS ENTITY TAX AND
 THE CREDIT RELATED THERETO AND ESTABLISHING A
 SURCHARGE ON THE AMOUNT OF FEDERAL QUALIFIED BUSINESS
 INCOME DEDUCTIONS CLAIMED BY CERTAIN FILERS.
 Be it enacted by the Senate and House of Representatives in General
 Assembly convened:
1  That title 12 of the general statutes be amended to (1) establish a one
    LCO No. 946  1 of 2
  Proposed Bill No.   5186
 2      percentage point surcharge on the tax imposed under chapter 228z of
 3      the general statutes, (2) reduce the credit allowed against said tax, for
 4      filers subject to the highest marginal rate under section 12-700 of the
 5      general statutes, to eighty-three and six-tenths per cent, (3) increase the
 6      credit allowed against said tax, for filers subject to the three lowest
 7      marginal rates under section 12-700 of the general statutes, to ninety-
 8      three and one-hundredths per cent, and (4) establish a ten per cent
 9      surcharge on the amount of the qualified business income deduction
10      claimed for federal income tax purposes by filers subject to the highest
11      marginal rate under section 12-700 of the general statutes.
        Statement of Purpose:
        To (1) establish a surcharge on the affected business entity tax and
        adjust, for certain personal income tax marginal rates, the amount of the
        credit allowed against said tax, and (2) establish a surcharge on the
        amount of the qualified business income deduction claimed for federal
        income tax purposes by filers subject to the highest marginal rate under
        section 12-700 of the general statutes.
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