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taxes

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Connecticut’s tax code comes under scrutiny on Monday as the state’s new tax panel meets for the first time.

Connecticut Conference of Municipalities

A new report by The Connecticut Conference of Municipalities says the state remains the most reliant in the nation on the property tax to fund pre-K to 12 public education. 

YouTube

A Republican political action committee has launched a TV ad attacking Governor Dannel Malloy's tax policies. 

Doug Kerr / Creative Commons

Josh Solomon, the owner of the minor league New Britain Rock Cats, has paid the city $164,569.26 in back taxes for its baseball stadium, the city said in a press release.

Tucker Ives / WNPR

The state of Connecticut is trying to make it easier for Spanish-speaking business owners to pay their taxes. The Department of Revenue Services has produced a Spanish language video on electronic filing.

Shoppers in Massachusetts can look forward to a sales tax holiday later this month. The Massachusetts legislature in the closing minutes of the legislative session last week set the sales tax-free shopping days for August 16 and 17.

The sales tax holiday was included in a comprehensive economic development bill that contains dozens of programs and incentives designed to create jobs. State  Senator Gale Candaras  of  Wilbraham, who helped write the bill, acknowledges there is scant evidence the sales tax holiday does much to grow the Massachusetts economy.

Ron Cogswell / Creative Commons

The House has voted to make permanent a moratorium that prevents state and local governments from taxing access to the Internet. 

Jupiterimages/Photos.com / Thinkstock

Much has been written about whether the city of Hartford should have its own box in the new proposed baseball stadium its considering building to house the New Britain Rock Cats.

Harriet Jones / WNPR

As manufacturing continues its rebound in this country, there’s a lot of discussion about the best ways for government to encourage the trend. One group of manufacturers in Connecticut think they’ve found the perfect policy tool, and they’re pioneering it here in Connecticut.

The state Senate approved a $19 billion annual budget over the weekend. It postpones three tax breaks for shoppers and retired teachers as the state's surplus dissolves in the state’s sluggish economy. Democrats rallied around the package that provides funding for public education, housing, after-school programs, social service needs, and transportation infrastructure. The budget now awaits Governor Dannel Malloy's signature.

Chion Wolf / WNPR

Governor Dannel Malloy announced a budget agreement on Friday which would not raise new taxes, and would deposit the smaller-than-expected $43.4 million surplus into the state's rainy day fund.

Broadly speaking, Malloy said that without a deficit, it's time to focus on future growth.

The Wheelhouse Won't Be $55 Richer After All

Apr 30, 2014
Chion Wolf / WNPR

If you had big plans for that $55 tax rebate that Governor Dannel Malloy announced in his State of the State address, think again.

This week, Malloy acknowledged this election-year plan was dead.

On our weekly news roundtable The Wheelhouse, our team of reporters will discuss the rebate, the 2014 race, Hillary Clinton's visit to UConn, and fracking legislation at the state capitol.

Pfizer finally fessed up and told the world that it wants to buy British drugmaker AstraZeneca. It wasn't a very well-kept secret.

The New York-based drugmaker confirmed publicly that it approached AstraZeneca in January about getting together. AstraZeneca, based in London, rebuffed the New Yorkers.

Chion Wolf / WNPR

Governor Dannel Malloy is reversing his proposal to give each taxpayer a $55.00 refund. The administration said revenue from capital gains taxes last year is hundreds of millions of dollars below what was expected.

Governor Dannel Malloy announced a plan today for the state to play a major role in purchasing and protecting a 1,000 acre parcel, as open space, along Long Island Sound.  The Preserve, located in the towns of Old Saybrook, Essex and Westbrook, is considered to be the last, large unprotected coastal forest between New York and Boston.

Pratt and Whitney

A $400 million tax relief package for United Technologies is on its way to Governor Dannel Malloy's desk after the legislation passed the state senate.

Jeff Cohen / WNPR

Hartford Mayor Pedro Segarra presented a budget that increases taxes, cancels a class of police officers, and raises new money by selling off some of its parking assets. 

Some investors avoid paying taxes in a move called round-tripping — sending money offshore, then investing it in U.S. stocks or bonds. A study estimates it costs the U.S. billions in lost revenues.

Recently, MIT professor Michelle Hanlon and two colleagues set out to find out all they could about round-tripping.

Helder Mira / Creative Commons

Some municipal and state leaders would like to see non-profit colleges and hospitals pay taxes to the towns where they reside. One higher education official said the particular idea currently being floated is unfair. 

radcliffe dacanay / Creative Commons

A conference was held in Hartford on Thursday to open up discussion about Connecticut’s veterans. The event came just one day after an Iraq War veteran opened fire at Fort Hood in Texas, wounding 16 and killing four, including himself. This hour, we talk about what happened at Fort Hood, and take a look at some of the services that are available to our veterans.

Former governor John Rowland is staying  quiet over a scandal to which he is connected. Rowland told listeners during his radio show yesterday that he would respect the process of a case involving former congressional candidate Lisa Wilson-Foley and her husband, Brian Foley. Both pleaded guilty on Monday to illegal contributions after they gave Rowland $35,000 and failed to report it on financial disclosures.

Heather Brandon/WNPR

Regardless of how hard it can seem to find a parking spot sometimes, Hartford and New Haven have built a lot more parking over the past few decades. But that can be a bad thing.

A team of researchers at the University of Connecticut recently investigated the impact of parking policies in six cities across the U.S. 

Ever since the Watergate era, taxpayers have been able to check a box on their federal tax returns and designate a little bit of their tax payment to help finance the presidential campaigns and wean politicians away from big donors.

The public financing program has had its ups and downs. But now President Obama is prepared to sign legislation that, for the first time, takes taxpayer money out of the fund.

First of all, let's pause to reflect on some of the great moments of American political conventions brought to you by presidential matching funds.

Chion Wolf / WNPR

Today, conversations with Connecticut’s top two lawmakers - Senate President Don Williams and House Speaker Brendan Sharkey - about two big issues: Freedom of Information and taxes.

Williams has announced his retirement after 20 years in the legislature after this session ends. We talk about his tenure, which included the aftermath of the scandal that sent Governor John Rowland to jail. And about his testimony over proposed legislation that would limit access to public records.

Attorney General George Jepsen and Connecticut Light & Power have reached a $2.5 million settlement over claims that the power company "impaired and impeded" regulators during an investigation into its response to a major snowstorm in 2011 .The utility has agreed to donate the funds to Operation Fuel—which is a Connecticut energy assistance nonprofit group.

DigiDreamGrafix.com / Creative Commons

Hospital executives and employees spoke out at a legislative hearing about the imposition of a tax that they said has had a detrimental effect on patient care in recent years.

CT-N

Governor Dannel Malloy's proposal to give Connecticut taxpayers a modest rebate was up for discussion before the General Assembly's tax-writing committee on Thursday. Budget chief Benjamin Barnes said it could be a job generator in the state.

For the first time since it legalized recreational marijuana, Colorado is releasing revenue figures: The state made $3.5 million in taxes and fees in January.

As KUSA-TV reports, $2.1 million of that came from the sale of recreational pot and $1.4 million came from medical marijuana.

KUSA adds:

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