AN ACT ESTABLISHING A CAP ON THE AGGREGATE AMOUNT OF PERSONAL INCOME TAX REVENUE THE STATE MAY COLLECT.

Plain English Breakdown

The official text confirms the refund method ('pro rata basis') but does not define how that calculation works beyond the term itself, so the definition in 'terms_to_know' is based on standard usage of the phrase found in the bill.

A Cap on State Personal Income Tax Revenue

This bill sets a maximum limit on the total personal income tax money the state can collect and requires refunds for any amount collected over that limit.

What This Bill Does

• Amends Title 12 of the general statutes to create a revenue cap.
• Sets a maximum limit on the aggregate personal income tax revenue the state may collect.
• Requires the state to refund money if it collects more than the set cap.

Who It Names or Affects

• The state government agencies that collect taxes
• Individuals who pay personal income tax

Terms To Know

Aggregate

The total amount collected from all sources combined.

Pro rata basis

A method of dividing refunds so each taxpayer gets a share equal to their portion of the tax paid.

Limits and Unknowns

• The bill text does not state what specific dollar amount or percentage will be used for the cap.
• The effective date is not listed in the provided source material.
• The process and timeline for issuing refunds are not described.

Official Summary Text

To establish a cap on the amount of aggregate personal income tax revenue that the state may collect, with any amount collected in excess of such cap to be refunded to taxpayers on a pro rata basis.

Current Bill Text

LCO No. 123 1 of 1

General Assembly Proposed Bill No. 67
February Session, 2026 LCO No. 123

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
SEN. GORDON, 35th Dist.

AN ACT ESTABLISHING A CAP ON THE AGGREGATE AMOUNT OF
PERSONAL INCOME TAX REVENUE THE STATE MAY COLLECT.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That title 12 of the general statutes be amended to establish a cap on 1
the amount of aggregate personal income tax revenue that the state may 2
collect, with any amount collected in excess of such cap to be refunded 3
to taxpayers on a pro rata basis. 4
Statement of Purpose:
To establish a cap on the amount of aggregate personal income tax
revenue that the state may collect, with any amount collected in excess
of such cap to be refunded to taxpayers on a pro rata basis.