AN ACT REDUCING CERTAIN PERSONAL INCOME TAX MARGINAL RATES.

Plain English Breakdown

Checked against official source text during the last sync.

Act to Lower Income Tax Rates

This act reduces the lowest income tax rates for people earning below certain limits.

What This Bill Does

• Reduces the first marginal rate from 2% to 0% for single filers with less than $100,000 in adjusted gross income.
• Reduces the second marginal rate from 4.5% to 3% for single filers with less than $100,000 in adjusted gross income.
• Applies similar reductions for married couples filing jointly with less than $200,000 in combined income.

Who It Names or Affects

• Single individuals earning less than $100,000 per year.
• Married couples filing jointly who earn less than $200,000 per year.

Terms To Know

marginal rate

The tax rate applied to the portion of income within a specific range.

adjusted gross income (AGI)

Total income minus certain deductions, used for calculating taxes.

Limits and Unknowns

• Does not specify what happens to tax rates above $100,000 for single filers or $200,000 for married couples.
• The bill does not mention how the reduced revenue will be compensated for by the state.

Official Summary Text

To reduce the two lowest marginal rates for the personal income tax from (1) two per cent to zero, and (2) from four and one-half per cent to three per cent, for taxpayers with adjusted gross income of less than one hundred thousand dollars for single filers and less than two hundred thousand dollars for married individuals filing jointly.

Current Bill Text

LCO No. 579 1 of 2

General Assembly Proposed Bill No. 100
February Session, 2026 LCO No. 579

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
SEN. HARDING, 30th Dist.
SEN. MARTIN, 31st Dist.
SEN. CICARELLA, 34th Dist.
SEN. SAMPSON, 16th Dist.
SEN. SOMERS, 18th Dist.
SEN. HWANG, 28th Dist.
SEN. BERTHEL, 32nd Dist.
SEN. FAZIO, 36th Dist.
SEN. GORDON, 35th Dist.
SEN. KISSEL, 7th Dist.
SEN. PERILLO J., 21st Dist.

AN ACT REDUCING CERTAIN PERSONAL INCOME TAX MARGINAL
RATES.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That section 12-700 of the general statutes be amended to reduce the 1
two lowest marginal rates for the personal income tax from (1) two per 2
cent to zero, and (2) from four and one -half per cent to three per cent, 3
for taxpayers with adjusted gross income of less than one hundred 4
thousand dollars for single filers and less than two hundred thousand 5
dollars for married individuals filing jointly. 6
Statement of Purpose:
To reduce the two lowest marginal rates for the personal income tax
from (1) two per cent to zero, and (2) from four and one-half per cent to
three per cent, for taxpayers with adjusted gross income of less than one
Proposed Bill No. 100

LCO No. 579 2 of 2

hundred thousand dollars for single filers and less than two hundred
thousand dollars for married individuals filing jointly.