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 bill creates a $500 tax credit for taxpayers who have qualifying children or dependents living with them.

What This Bill Does

• Establishes a child and dependent tax credit of five hundred dollars per eligible person against personal income tax.
• Allows the credit for children under seventeen years old who live with the taxpayer more than half the year.
• Provides the credit for disabled dependents or disabled spouses living with the taxpayer more than half the year.
• Includes non-spouse dependents aged sixty-five or older in the list of eligible people if they live with the taxpayer more than half the year.
• Reduces the credit by ten percent for every one thousand dollars, or part thereof, of income above specific limits.

Who It Names or Affects

• Unmarried individuals and heads of households with adjusted gross income over two hundred thousand dollars.
• Married couples filing jointly with adjusted gross income over four hundred thousand dollars.
• Taxpayers who have children under seventeen, disabled dependents or spouses, or older non-spouse dependents living with them.

Terms To Know

Adjusted Gross Income

The income amount used to determine if the tax credit is reduced based on specific limits.

Phase-out

A rule that reduces the benefit by ten percent for each one thousand dollars of income above a set limit.

Limits and Unknowns

• The bill does not state when this law will officially take effect.
• It is unclear if other specific rules from existing chapter 229 apply without reading that full section.

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.