- Associated Press - Monday, June 1, 2015

Following are some highlights of the proposed two-year, $40 billion Connecticut state budget under consideration:

- Exempts 100 percent of military pensions from the state’s personal income tax.

- Authorizes the Connecticut Lottery Corporation to offer gambling game keno to existing vendors and new ones, including bars and restaurants.

- Caps the local property tax rate on vehicles.

- Reduces the property tax credit against the personal income tax from $300 to $200.

- Imposes a 6 percent gross receipts tax on outpatient surgery centers.

- Sets aside half a small portion of the 6.35 percent sales tax for transportation expenses.

- Increases personal income tax rates for single tax filers earning more than $250,000 a year and joint filers earning more than $500,000 a year. The rates would increase from 6.7 percent to up to 6.9 percent.


Source: Connecticut General Assembly’s Finance Revenue and Bonding Committee.

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