Governor Lamont Proposes Increasing Tax Credit for Small Businesses

Governor Lamont Proposes Increasing Tax Credit for Small Businesses

A move to help small business owners in Connecticut to save money. Governor Ned Lamont announced a proposed increase in business tax credit Wednesday, saying...

Lamont Readies Pitch To Increase Business Tax Credit

The two year budget plan which Gov. Ned Lamont will propose to the legislature next month will include a provision boosting the state’s pass-through entity tax credit, a move that will enable business owners to claim about $60 million more in tax deductions, he announced Wednesday.

Some CT businesses would see tax cuts under Lamont proposal

Lamont will propose to cut the pass-through entity tax as part of the budget plan he will deliver to the General Assembly on Feb. 8.

Gov. Ned Lamont proposes tax cut for CT businesses

Gov. Ned Lamont's business tax proposals in Connecticut will recommend a change to Connecticut’s pass-through entity tax credit.

Lamont Proposes $60 Million Tax Cut for Businesses, Republicans Welcome Support

HARTFORD – Pledging to leverage Connecticut’s projected budget surplus into “sustainable” tax cuts in his upcoming budget proposal, Gov. Ned Lamont put forward a plan on Wednesday to restore a tax credit his administration said would save about 123,000 mostly small businesses about $60 million a year in state taxes. In a press conference at Express Kitchens in Hartford on Wednesday morning, Lamont proposed restoring the pass through entity tax c…