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Bill

SB 58

AN ACT RESTORING THE CAP ON A COMBINED GROUP'S TAX LIABILITY ON A UNITARY BASIS.

2026 Regular Session Introduced by Jason Perillo

Connecticut bill to restore a cap limiting combined tax liability for unitary business groups, potentially reducing corporate tax obligations and state revenue.

REF. TO JOINT COMM. ON Finance, Revenue and Bonding
#taxation #unitarybusinesses
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Bill Summary · SB 58

Legislative bill overview

SB 58 proposes to restore a cap on combined tax liability for unitary business groups in Connecticut. A unitary group consists of related corporations that file taxes on a combined basis rather than individually. This bill would reinstate a previous limitation on the total tax burden these groups must pay.

Why is this important

Unitary taxation affects multi-state corporations and their Connecticut operations. Reinstating a cap could reduce tax obligations for affected businesses, potentially influencing business location decisions and state tax revenue. This directly impacts both corporate tax policy and Connecticut's fiscal budget.

Potential points of contention

  • Revenue impact: Restoring a tax cap reduces state tax collection, requiring budget adjustments or spending cuts elsewhere
  • Business equity: Questions about whether capping taxes for large corporate groups is fair to smaller businesses and individual taxpayers who lack similar protections
  • Historical context: The original cap was removed for a reason—understanding why it was eliminated is crucial to evaluating whether reinstating it is sound policy

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

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