By Jennifer J. Troyer, JD, Checkpoint News
On May 14, 2026, Connecticut Governor Ned Lamont signed the budget bill which includes some of the following tax changes: decoupling from certain IRC provisions, establishing new tax credits, expanding the back-to-school sales tax holiday, and making other changes. (L. 2026, S1 (Act 26-68), effective as noted.)
Income tax. Changes affecting income taxes include:
Applicable to income tax years beginning after 2025, IRC § 168(n) does not apply.
For income tax years beginning on or after January 1, 2022, the deduction under P.L. 119-21 (formerly known as the One Big Beautiful Bill or OBBB) Sec. 70302(f) is disallowed.
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