Connecticut Seal

General Assembly

 

Proposed Bill No. 5884

 

January Session, 2013

 

LCO No. 1750

   

Referred to Committee on FINANCE, REVENUE AND BONDING

 

Introduced by:

 

REP. LEMAR, 96th Dist.

 

AN ACT CONCERNING INCOME TAX RATES ON INCOMES OVER ONE MILLION DOLLARS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That chapter 229 of the general statutes be amended to increase income tax rates to 6.8 per cent on income from one million dollars to two million dollars and to 8.8 per cent on income over two million dollars.

Statement of Purpose:

To increase taxes on incomes over one million dollars to create fairness and equity in Connecticut's tax code.