taxes

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State sales tax will be added to the parking fees at three shoreline parks this weekend at Sherwood Island State Park, Hammonasset Beach State Park, and Rocky Neck State Park. That's thanks to a legislative change in the state budget which went into effect July 1st.

Chion Wolf / WNPR

Connecticut's tax commissioner said his agency has unearthed about $85.8 million in uncollected tax revenue. 

Charlie Smart / WNPR

Governor Dannel Malloy has taken to citing a tax study by Ernst and Young which he claims shows Connecticut has among the lowest corporate tax rates in the nation.

But the lead author of the study doesn’t agree with the governor’s interpretation, and on Monday, the Connecticut Business and Industry Association invited Andrew Phillips to explain why.

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Last week, non-profit Hartford Healthcare said they would cut the jobs of over 400 people if the state increased taxes on hospitals to what they say are unsustainable rates.

Chion Wolf / WNPR

A coalition of labor unions and social services advocates say Connecticut lawmakers should increase income taxes on the wealthy rather than impose spending cuts to cover the governor's proposed rollback of business tax increases.

Rob Dozier / WNPR

A coalition of activists and labor unions has written an open letter to General Electric, accusing the corporation of paying no taxes in the state of Connecticut, and commending the legislature for its attempt to increase business taxes in the recent budget bill.

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The state legislature left some work to do after the regular session ended, but it did change the way the car tax is applied across the state. 

Speaking on WNPR's Where We Live, panelists broke down the way the state budget would affect the tax and how complex it appears to be.

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The state of Indiana is suggesting three major Connecticut employers that openly criticized planned tax increases consider moving to the Hoosier State. 

Sage Ross, Wikimedia Commons

The leader of Connecticut’s largest business organization has written to Governor Dannel Malloy asking for an emergency summit on the budget. 

Lockley / Creative Commons

General Electric has confirmed it’s formally considering a move out of Connecticut. This comes after the passage of a budget bill that hikes corporate taxes. 

CT-N

The Connecticut Republican leadership recapped the 2015 legislative session at the State Capitol on Thursday. House Republican Leader Themis Klarides urged the governor to veto the budget if it wasn't the plan he wanted.

CT-N

Governor Dannel Malloy touted accomplishments related to property tax reform and investments in transportation during a press conference on Thursday at the State Capitol, while reporters questioned him repeatedly on his earlier promise not to raise taxes. 

CT-N

State Senate Democrats are recapping the 2015 legislative session during a press conference in Senate President Martin Looney's office.

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The new tax obligations Connecticut wants to impose on its corporations are a growing trend around the nation. And some advocates say it’s a movement that’s long overdue.

Lockley / Creative Commons

General Electric has called the tentative Connecticut budget deal reached over the weekend "discouraging," and says it’s considering whether to remain located in the state. The corporation is concerned about new taxes.

Adavyd / Creative Commons

Small businesses owners descended on the Capitol to protest proposals for tax hikes in the Democrats’ draft budget. At a public hearing organized by Republican lawmakers, companies provided seven hours of testimony on the budget bill, which would extend sales tax to a new range of services. 

DoNo Hartford LLC

There's a new legislative proposal to get state money to the city of Hartford for its baseball stadium development project.

Ken Teegardin/SeniorLiving.Org / Creative Commons

Connecticut should act to close loopholes that allow big corporations to pay less tax. That’s the recommendation of pressure group ConnPIRG, which says small businesses in the state pay thousands of dollars extra each year to make up for corporate tax avoidance. 

City of Hartford

There's a public hearing Monday on a plan that would use money generated by a state tax to help pay off the debt for the new minor league baseball stadium in Hartford. But the governor doesn't know much about it, and the state senate Republican leader is opposed to the plan.

DoNo Hartford LLC

The city of Hartford wants state tax dollars to help pay back the loans on its new $60 million minor league baseball stadium built for the team that's now in New Britain, and there's a measure at the capitol to get it done. But not everyone is convinced it's a good idea. 

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The state has eliminated its sales tax on certain non-prescription medicines. The change will eliminate taxes on over-the-counter items like antacids, cough syrup, and pain medication. It also gets rid of the sales tax on dietary supplements and vitamins.

Ken Teegardin/SeniorLiving.Org / Creative Commons

There's a potential financial windfall waiting for thousands of Connecticut taxpayers. 

U.S. Sen. Richard Blumenthal said Friday that he's learned there is $13.4 million worth of unclaimed tax refunds from 2011 owed to Connecticut taxpayers. 

Health and Wellbeing / Creative Commons

Nobel prize winning economist Robert Shiller says the Fed has a very tricky job when it begins to signal a rise in interest rates. Shiller, who teaches at Yale, told WNPR’s Where We Live that there’s no historical precedent for the lengthy period of low interest rates that we’re living through. 

Chion Wolf / WNPR

Already facing shortfalls in the budget he presented last month, Governor Dannel Malloy said Wednesday that it’s now in the hands of state lawmakers.

“The law is very clear, the budget I have to present is balanced, and it is balanced. We’ve met our legal requirement,” Malloy said, speaking on WNPR’s Where We Live.

When people without health insurance get around to filing their taxes this year, they may find that they have to pay a penalty. State officials are working on a fix. 

The Affordable Care Act mandates that everyone have insurance or face a fine. Last year was the first year the penalty applied, but some people may not know they owe it until they prepare their 2014 taxes -- and it's already too late to sign up for health insurance for 2015.

Chion Wolf / WNPR

Governor Dannel Malloy released the final details of his new two-year state budget on Wednesday. 

The Democrat has already warned that the budget is going to be “tough,” but he hopes it will provide relief to the state’s middle class with a slight state sales tax reduction. Republicans have been critical of his additional plan to eliminate the an exemption to the sales tax on up to $50.00 of clothing.

The new fiscal year beginning July 1 is predicted to face a $1 billion deficit. The following budget year is also facing a projected $1 billion in the red. 

On WNPR's Where We Live, Keith Phaneuf of The Connecticut Mirror called the governor's budget "a tired exercise in fiscal semantics." Promised cuts aren't coming, he said, and the governor is creating "a new definition of a tax hike" while still trying to say he "didn't really increase taxes." 

Mixed Bag for Gov. Malloy's Budget Proposal

Feb 17, 2015
Sage Ross / Creative Commons

In preparation for his two year state budget proposal, Governor Dannel Malloy has warned Connecticut residents the budget is "tough."

During an interview with WFSB-TV's "Face the State" broadcast on Sunday, Malloy said he will be proposing to reduce the state sales tax from 6.35 percent to 6.2 percent on November 1, then dropping it to 5.95 percent by 2017.

Connecticut Senate Republicans

Connecticut's Republican legislators proposed a 30-year, $37.4 billion plan to fund a proposed overhaul of the state's transportation system on Tuesday. They'd like to do it without resurrecting tolls.

The announcement comes a week before Democratic Governor Dannel Malloy will present his two-year budget and transportation initiative.

Both Senate and House Republicans proposed dedicating a set amount of bonds to be used solely for transportation projects, starting with $441.5 million in fiscal year 2016. That would complement the approximate $600 million in bonding already spent annually for transportation.

A huge trove of leaked documents is shedding new light on the secretive Swiss banking industry.

The documents were downloaded by a former computer security expert at the giant bank HSBC, and they were released over the weekend by the International Consortium of Investigative Journalists.

Ben Sheldon / Creative Commons

Governor Dannel Malloy has proposed major improvements to Connecticut's transportation infrastructure.

In the past, Malloy argued that the state gas tax could cover such costs, but the rise in fuel-efficient cars has meant a decline in revenue. How to fund transportation projects remains a question.

Speaking on WNPR's Where We Live, Speaker of the House Brendan Sharkey said the gas tax is unfair to Connecticut residents.

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