AN ACT RESTORING THE CAP ON A COMBINED GROUP'S TAX LIABILITY ON A UNITARY BASIS.

Plain English Breakdown

The official source confirms the restoration of the $2.5 million cap and cites Public Act 25-168 as the act being reversed.

Restoring the $2.5 Million Tax Cap for Combined Business Groups

This bill restores a limit of $2,500,000 on how much tax certain groups of businesses must pay together when calculated as one unit.

What This Bill Does

• Amends subsection (k) of section 12-218e of the general statutes to restore a previous rule.
• Sets a maximum tax bill of two million five hundred thousand dollars for combined business groups on a unitary basis.
• Undoes changes made by Public Act 25-168 that removed this limit.

Who It Names or Affects

• Combined groups of businesses subject to state tax laws

Limits and Unknowns

• The official text does not list an effective date for when this rule starts.
• The bill summary does not explain how much money was collected before the cap was removed by Public Act 25-168.

Official Summary Text

To restore the cap of two million five hundred thousand dollars on a combined group's tax liability on a unitary basis.

Current Bill Text

LCO No. 336 1 of 1

General Assembly Proposed Bill No. 58
February Session, 2026 LCO No. 336

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
SEN. PERILLO J., 21st Dist.

AN ACT RESTORING THE CAP ON A COMBINED GROUP'S TAX
LIABILITY ON A UNITARY BASIS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That subsection (k) of section 12 -218e of the general statutes be 1
amended to restore the cap of two million five hundred thousand 2
dollars, eliminated by public act 25 -168, on a combined group's tax 3
liability on a unitary basis. 4
Statement of Purpose:
To restore the cap of two million five hundred thousand dollars on a
combined group's tax liability on a unitary basis.