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SB00039 • 2026

AN ACT REQUIRING THE INDEXING OF INCOME THRESHOLDS FOR THE PERSONAL INCOME TAX.

AN ACT REQUIRING THE INDEXING OF INCOME THRESHOLDS FOR THE PERSONAL INCOME TAX.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Sen. Ryan Fazio, 36th Dist.
Last action
2026-02-04
Official status
Referred to Joint Committee on Finance, Revenue and Bonding
Effective date
Not listed

Plain English Breakdown

The official status shows the bill passed both chambers but was referred to a committee on February 4, 2026; no effective date is provided.

Adjusting Personal Income Tax Levels Based on Inflation

This bill requires state officials to update personal income tax limits when prices for goods and services rise.

What This Bill Does

  • Amends Chapter 229 of the general statutes regarding taxes.
  • Requires that income thresholds for the personal income tax be adjusted in accordance with any change in the consumer price index.

Who It Names or Affects

  • People who pay the state personal income tax

Terms To Know

Income thresholds
The specific amounts of money a person must earn before they owe taxes or move to a higher tax rate.
Consumer price index
A measure that tracks how much prices for common goods and services change over time.

Limits and Unknowns

  • The bill text does not state when this rule will start.
  • The source material does not explain the exact math used to calculate the adjustments beyond linking them to changes in the consumer price index.

Bill History

  1. 2026-02-04 Connecticut General Assembly

    Referred to Joint Committee on Finance, Revenue and Bonding

Official Summary Text

To require that income thresholds for the personal income tax be adjusted in accordance with any change in the consumer price index.

Current Bill Text

Read the full stored bill text
LCO No. 281 1 of 1

General Assembly Proposed Bill No. 39
February Session, 2026 LCO No. 281

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
SEN. FAZIO, 36th Dist.

AN ACT REQUIRING THE INDEXING OF INCOME THRESHOLDS FOR
THE PERSONAL INCOME TAX.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That chapter 229 of the general statutes be amended to require that 1
income thresholds for the personal income tax be adjusted in accordance 2
with any change in the consumer price index. 3
Statement of Purpose:
To require that income thresholds for the personal income tax be
adjusted in accordance with any change in the consumer price index.