Tax Commissioner Kevin Sullivan says Connecticut’s personal income tax now makes up 53 percent of the state’s tax collection, The Associated Press reports.
This week marks the 20th anniversary of the tax, which passed after months of rancor at the state Capitol. Personal Income Kevin Sullivan
The income tax has steadily grown in importance. Sullivan said that in 1993, it brought in 36 percent of state revenues. By 2003, it was delivering 44 percent. And in 2010, it comprised 52 percent of the state’s tax collection.
In comparison, the sales tax made up 32 percent of state revenues in 1993 and 2003, and 25 percent in 2010.
Sullivan says Connecticut may rank as having the third highest taxes in the nation, but that standing includes local property taxes. He said Connecticut ranks the 19th highest for state taxes.
