Historic tax cuts are law!

May 9, 2022



Governor Ned Lamont signed the budget adjustment bill, which includes more than $600 million in tax cuts.

-reduces car taxes

-suspends gas tax

-enacts a $250 per-child tax credit

-funds payments for earned income tax credit 

-Increases the property tax credit from $200 to $300

-eliminates taxes on pensions and annuities