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

Plain English Breakdown

The official source material does not provide details on how adjustments will be made or what happens without a change in CPI.

Law to Adjust Income Limits for Taxes

This law requires changing income limits for taxes based on changes in the Consumer Price Index (CPI).

What This Bill Does

• Changes state laws about personal income tax.
• Requires adjusting income thresholds each year based on the consumer price index (CPI).

Who It Names or Affects

• People who pay personal income taxes in the state.

Terms To Know

Consumer Price Index (CPI)

A measure that shows how much prices for common goods and services have changed over time.

Limits and Unknowns

• The bill does not specify when the adjustments will take effect.
• It is unclear what happens if there are no changes in the CPI.

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

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.