Press Releases
01/18/2023
Governor Lamont Announces 2023 Legislative Proposal: Save Money for Small Businesses by Restoring Pass-Through Entity Tax Credit
(HARTFORD, CT) – Governor Ned Lamont today held a news conference in Hartford to announce his first legislative proposal of 2023, which includes restoring Connecticut’s pass-through entity tax credit to its original, revenue-neutral level of 93.01% and enabling small business owners in the state to save money by claiming a larger credit on their personal returns.
The recommendation will be included as a component of the governor’s fiscal years 2024 and 2025 budget proposal, which he will present to the Connecticut General Assembly in February.
“These changes we are proposing will help small businesses in Connecticut save money, which they can use to reinvest back into their…
