AN ACT CONCERNING A PAYROLL TAX AND STRUCTURAL EFFICIENCY IN THE COLLECTION OF SUCH TAX AND ESTABLISHING AN ADMINISTRATIVE EFFICIENCY ACCOUNT FOR THE REDUCTION OF CERTAIN CONSUMER CHARGES.

Summary

The bill creates a program, starting in 2027, for employees who earn more than $50,000 (or $80,000 for heads of household) and choose to have part of their wages treated as a reduction. Those workers receive a credit against Connecticut payroll tax, while their employers must pay a new payroll tax based on the employee’s adjusted wage level. The measure is intended to make state revenue collection more efficient and lower some consumer costs.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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