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SB 106

AN ACT CONCERNING THE CORPORATION BUSINESS TAX SURCHARGE.

2025 Regular Session Introduced by Jeff Gordon

SB 106 proposes a surcharge on Connecticut's corporation business tax to generate additional state revenue, pending committee review.

REF. TO JOINT COMM. ON Finance, Revenue and Bonding
#corporationbusinesstax
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Bill Summary · SB 106

Legislative bill overview

SB 106 proposes to establish a surcharge on Connecticut's corporation business tax. The bill has been referred to the Joint Committee on Finance, Revenue and Bonding for review. The specific surcharge rate, implementation timeline, and revenue allocation have not been publicly detailed in available legislative documents.

Why is this important

Connecticut faces ongoing budget pressures and infrastructure needs. A corporate tax surcharge could generate additional state revenue, but may affect business competitiveness and investment decisions in the state. The outcome could influence both state finances and the business environment.

Potential points of contention

  • Business opposition: Corporations and business groups may argue the surcharge makes Connecticut less competitive compared to neighboring states with lower tax burdens
  • Revenue allocation clarity: Debate over whether surcharge revenue should fund specific programs (education, infrastructure, debt reduction) or go into general funds
  • Economic impact concerns: Questions about whether the surcharge could discourage business expansion, relocation, or new investment in Connecticut

Compiled from official sources — confirm details with the bill’s official record.

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