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taxes

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:

Pratt and Whitney

The state of Connecticut has struck a multi-million dollar deal with United Technologies, which it hopes will safeguard the future of research and manufacturing operations here.

Under the agreement, the state will allow UTC to exercise tax credits it has already built up. The conglomerate can exchange $20 million in tax credits each year, up to a maximum of $400 million.

President Barack Obama is coming to Connecticut on March 5 as part of his campaign to raise the federal minimum wage to $10.10 an hour. The visit follows Governor Dannel Malloy’s heated defense of the proposal at a news conference this week in Washington. Governor Malloy urged the General Assembly to pass a bill this year that would raise the state's minimum wage after the president—in his State of the Union address-- called on Congress to implement the policy nationwide.

Chion Wolf / WNPR

Delayed a day by the snow, Connecticut's lawmakers returned to work to open this year's legislative session, and they began their work by hearing a budget address from Governor Dannel Malloy. 

Sujata Srinivasan

The public will soon have access to a one-stop web portal for information on tax credits and direct financial assistance the state is offering to help businesses grow and expand in Connecticut. Governor Dannel Malloy at a press conference in Bloomfield said taxpayers have the right to know what their state government is doing to promote economic development and job creation. 

Chion Wolf / WNPR

The Department of Revenue Services said it collected almost $180 million in back taxes through a two-month-long amnesty program. That's far in excess of the $35 million it set as a goal at the beginning of the amnesty.

DonkeyHotey / Creative Commons

The state of Connecticut's Department of Revenue Services is offering a amnesty program for individuals and businesses that owe back taxes. Those who take advantage of the program will get a 75 percent reduction in accrued interest, and all other penalties waived. But there are a few catches.

Obama Proposes Cuts In Corporate Tax Rates

Jul 30, 2013

U.S. home prices continue to surge. The Standard & Poor’s/Case-Shiller index out today shows a 12 percent increase in May compared to a year ago.

Low interest rates and an improving job market are boosting demand for homes and driving prices up.

President Obama is out with a plan that he says will improve the job market even more. The president is touring an Amazon distribution center in Chattanooga, Tenn. to announce a so-called “grand bargain” to overhaul the corporate tax system.

A New Gas Tax, But What's It Paying For?

Jul 1, 2013
Lundgren Photography / Creative Commons

You ever notice how gas prices tend to rise, just when we’re all on the road for summer get-aways?

Well, starting today, we’ll see the prices go even higher – as a Connecticut tax goes up.  It’ll give the state some of the highest prices in the country – but at least that extra revenue will pay to repair the roads…or, not.

Chion Wolf

Yesterday, Governor Malloy signed an executive order establishing the Office of Early Childhood, an idea that has broad support, and funding from the legislature.

"There was no doubt that this legislation, until it apparently got tied up in some politics, was going to pass," said Malloy.

markn3tel, Flickr Creative Commons

Texas Governor Rick Perry is here in Connecticut trying to lure businesses away with promises of low taxes and no regulation.

The truth behind Connecticut's gas prices: Part 3

Jun 7, 2013

This week we’ve been exploring why gas prices are so high in Connecticut. One culprit is a little-known state tax on the wholesale price of gas. On July 1 that’ll go up in the largest gas tax increase in state history. But the money won’t go to helping Connecticut’s transportation infrastructure. 

Last week I paid $3.79 cents for a gallon of gas. 46 cents of it went straight to the state of Connecticut. And I was frustrated. So was my fellow gas-guzzler Tracy Fusco.

The truth behind Connecticut's gas prices: Part 2

Jun 7, 2013

If you’ve ever wondered why gas prices in Connecticut are so high, WNPR’s Neena Satija is finding out this week. Yesterday she explained that a little-known wholesale fuel tax has a lot to do with it. Today she digs into the history of this tax, which will add around 4 cents to the price of a gallon of gas in July.  

No one was ever really supposed to notice that we had a wholesale tax on the price of gasoline in Connecticut. First of all, the oil companies were supposed to pay it – although they passed it on to drivers instead. 

The truth behind Connecticut's gas prices: Part 1

Jun 7, 2013

Ever wonder why gas prices are so high in Connecticut? A lot of it has to do with state gas taxes very few people know about – taxes that are about to undergo a steep increase. 

So, last week I paid $3.79 per gallon of gas at a North Haven gas station. This made me angry. And I asked my fellow gas-guzzlers – who’s to blame?

“I can’t determine what’s going on or what’s causing it," said one customer.

“People are making money off it," said another. Other culprits were "oil from the Middle East" and "Saudi Arabia." 

The Truth Behind Connecticut's Gas Prices

Jun 7, 2013

This is a three-part series. 

Part 1

Ever wonder why gas prices are so high in Connecticut? A lot of it has to do with state gas taxes very few people know about – taxes that are about to undergo a steep increase. 

So, last week I paid $3.79 per gallon of gas at a North Haven gas station. This made me angry. And I asked my fellow gas-guzzlers – who’s to blame?

“I can’t determine what’s going on or what’s causing it," said one customer.

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