AN ACT ESTABLISHING A CHILD AND DEPENDENT TAX CREDIT AGAINST THE PERSONAL INCOME TAX.

Plain English Breakdown

Checked against official source text during the last sync.

Child and Dependent Tax Credit Act

This act creates a new tax credit for people who have children or dependents, reducing their income taxes by $500 for each one.

What This Bill Does

• Creates a child and dependent tax credit of $500 per eligible person.
• Applies the credit to children under age 17 living with the taxpayer.
• Includes disabled dependents or spouses who live with the taxpayer more than half the year.
• Also covers older dependents over 65 years old, not including spouses.

Who It Names or Affects

• Taxpayers with eligible children and dependents
• People filing personal income taxes

Terms To Know

dependent

A person who relies on another for financial support, such as a child or elderly relative.

tax credit

An amount that can be subtracted from the total tax owed to reduce how much someone pays in taxes.

Limits and Unknowns

• The credit phases out for higher income levels, reducing by 10% for each $1,000 over certain thresholds.
• Unmarried individuals and heads of households have a lower threshold than married couples filing jointly.

Official Summary Text

To establish a child and dependent tax credit against the personal income tax of five hundred dollars per eligible child and dependent.

Current Bill Text

LCO No. 124 1 of 2

General Assembly Proposed Bill No. 76
February Session, 2026 LCO No. 124

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
SEN. GORDON, 35th Dist.

AN ACT ESTABLISHING A CHILD AND DEPENDENT TAX CREDIT
AGAINST 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 (1) establish a 1
child and dependent tax credit against the personal income tax of five 2
hundred dollars per child or dependent, for (A) children under 3
seventeen years of age, (B) a disabled dependent or disabled spouse, 4
who resides with the taxpayer for more than half the taxable year, or (C) 5
a dependent sixty-five years of age or older who is not the spouse of the 6
taxpayer, and (2) provide for income threshold phase-outs of the credit 7
of ten per cent for each one thousand dollars or fraction thereof of 8
adjusted gross income over (A) two hundred thousand dollars for 9
unmarried individuals, married individuals filing separately and heads 10
of households, and (B) four hundred thousand dollars for married 11
individuals filing jointly. 12
Proposed Bill No. 76

LCO No. 124 2 of 2

Statement of Purpose:
To establish a child and dependent tax credit against the personal
income tax of five hundred dollars per eligible child and dependent.