Connecticut lawmakers debate proposals designed to save people money next tax season
Several proposals were talked about on Capitol Hill to extend the state's property tax credit to more residents and increase the dollar value.
News 12 Staff
•
Mar 25, 2022, 9:28 PM
•
Updated 754 days ago
Share:
More Stories
Appeals court leaves temporary hold on New Jersey's county line primary ballot design in place
9h ago
Court papers show Sen. Bob Menendez may testify his wife kept him in the dark, unaware of any crimes
yesterday0:27
Toms River police chief suspended for 2 days amid feud with town’s mayor
yesterday20:32
Power & Politics: Jack Ciattarelli announces bid for governor; Sen. Menendez trial latest
4ds ago2:27
Congress investigates rise in antisemitism at Rutgers, including incident involving student 2 weeks ago
5ds ago0:47
Sen. Bob Menendez and his wife will have separate bribery trials, judge rules
6ds agoAppeals court leaves temporary hold on New Jersey's county line primary ballot design in place
9h agoCourt papers show Sen. Bob Menendez may testify his wife kept him in the dark, unaware of any crimes
yesterday0:27
Toms River police chief suspended for 2 days amid feud with town’s mayor
yesterday20:32
Power & Politics: Jack Ciattarelli announces bid for governor; Sen. Menendez trial latest
4ds ago2:27
Congress investigates rise in antisemitism at Rutgers, including incident involving student 2 weeks ago
5ds ago0:47
Sen. Bob Menendez and his wife will have separate bribery trials, judge rules
6ds agoState lawmakers Friday debated measures that could put more money in residents' pocket the next time tax season rolls around.
Several proposals were talked about on Capitol Hill to extend the state's property tax credit to more residents and increase the dollar value.
Gov. Ned Lamont has proposed raising the credit to $300, along with slashing auto property taxes.
The bill that was debated Friday wouldn't cut the car tax, but it would extend the credit to more families.
MORE: It's tax filing season! 12 tips to help you file your 2021 income taxes
MORE: Tax season is in full swing. Here are 10 ways to avoid getting scammed out of money
MORE: Tax season is in full swing. Here are 10 ways to avoid getting scammed out of money
Another bill in front of the Finance Committee would adjust income tax rates and brackets to account for inflation.
Advocates say when the state first imposed the income tax in 1991, a family making up to $48,000 could hold back $24,000 from the tax.
They say inflation pushes families into higher tax brackets even as wages stagnate relative to the cost of living.
The property tax credit bill that was discussed Friday would also see that credit increased along with inflation in the future.
