Each November, in accordance with state statute, the Connecticut General Assembly's Office of Fiscal Analysis produces a Fiscal Accountability Report. According to statute, the report must explain: (1) the level of spending changes from current year spending allowed by consensus revenue estimates, (2) any changes to current year spending necessary because of “fixed cost drivers,” and (3) the total change to current year spending required to accommodate fixed cost drivers without exceeding current revenue estimates.
Following each legislative session, the Connecticut General Assembly's nonpartisan Office of Legislative Research produces a report highlighting "major provisions of new laws affecting taxes." This report, titled "Acts Affecting Taxes, has been released annually since 2006, with the exception of 2007 and 2020 when no report was released.
Research report from the Connecticut General Assembly's nonpartisan Office of Legislative Research that provides an overview of Connecticut’s personal income tax, including the tax rates, exemptions, credit amounts, and thresholds in effect for the 2022 and 2023 tax years.
The DIY Revenue Calculator is an online, interactive tool provided by the Office of the State Comptroller, which allows users to calculate the approximate impact tax changes would have on overall state revenue. Using the DIY Revenue Calculator, users can 1) specify changes in existing state tax rates, 2) eliminate existing state tax exemptions and credits, and 3) implement new state taxes and fees to change the estimated amount and sources of state revenue.
This issue brief from the Connecticut General Assembly's nonpartisan Office of Legislative Research summarizes tax changes made by the General Assembly during the 2018 legislative session in effort to mitigate the potentially negative impacts on Connecticut of federal tax changes made as part of the Tax Cuts and Jobs Act of 2017 passed by Congress.
Report from the Connecticut General Assembly's nonpartisan Office of Legislative Research providing information about Connecticut's state income tax rates and brackets and since the enactment of Connecticut's state income tax in 1991.