Please ensure Javascript is enabled for purposes of website accessibility

Middletown Press: Payroll tax reform moving forward for 2020

Dan Haar, Middletown Press

May 26, 2019 - less than 1 minute

The radical idea of replacing most of the state income tax with a payroll tax paid by employers has bubbled quietly among a handful of policymakers for much of this year, and some had hoped it would come to a vote before the General Assembly ends its regular session June 5.

That won’t happen. But even as lawmakers and Gov. Ned Lamont lurch toward a new state budget, some are still hard at work on the payroll tax concept — with an eye toward bringing a massive tax reform bill in 2020 that could save taxpayers and employers $1.6 billion a year and still net the state more than it takes in now.

Read the full article at https://www.middletownpress.com/news/article/Dan-Haar-Payroll-tax-reform-moving-forward-for-13895803.php

Stay Up-to-Date

Sign up to get new reports and the latest data sent right to your inbox.

We care about the protection of your data. Read our Privacy Policy.