Connecticut legislation · 2026 General Assembly
Connecticut HB5186: 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.
Status: Introduced, February 11, 2026
What the bill says
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. Assembly convened: That title 12 of the general statutes be amended to (1) establish a one LCO No. 946 1 of Proposed Bill No. 5186 percentage point surcharge on the tax imposed under chapter 228z of the general statutes, (2) reduce the credit allowed against said tax, for filers subject to the highest marginal rate under section 12-700 of the general statutes, to eighty-three and six-tenths per ce.
From the introduced text:
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. Assembly convened: That title 12 of the general statutes be amended to (1) establish a one LCO No. 946 1 of Proposed Bill No. 5186 percentage point surcharge on the tax imposed under chapter 228z of the general statutes, (2) reduce the credit allowed against said tax, for filers subject to the highest marginal rate under section 12-700 of the general statutes, to eighty-three and six-tenths per cent, (3) increase the credit allowed against said tax, for filers subject to the three lowest marginal rates under section 12-700 of the general statutes, to ninetythree and one-hundredths per cent, and (4) establish a ten per cent 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. 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 …