AN ACT ESTABLISHING A CAPITAL GAINS TAX ON CERTAIN ENDOWMENT FUNDS OF INSTITUTIONS OF HIGHER EDUCATION AND CONCERNING THE USE OF THE REVENUE GENERATED.

Summary

The bill would tax capital gains earned by any higher‑education endowment whose value exceeds $500,000 per student. The revenue collected would be applied to reduce the contribution amount that participants must pay into Connecticut’s Paid Family and Medical Leave Insurance program. It targets wealthy university endowments and aims to ease the cost of family‑leave coverage for workers.

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