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