A group of state lawmakers and advocacy organizations plan Wednesday to unveil legislation creating a Connecticut Child Tax Credit.
A group of state lawmakers and advocacy organizations plan Wednesday to unveil legislation creating a Connecticut Child Tax Credit, reviving a proposal supporters say would provide direct financial relief to families.
United Way of Connecticut and members of the CT Child Tax Credit Coalition will join Reps. Kate Farrar, Antonio Felipe and Anthony Nolan at a morning press conference at the Legislative Office Building to introduce House Bill 5134.
Backers say more than 77 legislators support the measure, which calls for a fully refundable tax credit of $600 per child, for up to three children, for households earning up to $100,000 for single filers and $200,000 for joint filers.
Advocates estimate roughly 550,000 children would benefit, with approximately 75% of Connecticut families qualifying.
Supporters argue the credit’s refundability is critical to ensure lower-income households receive the full value, even if they owe little or no state income tax.
Coalition members also contend Connecticut’s income tax structure does not account for family size and note that several neighboring states have enacted or proposed child tax credits.
Prior child tax credit proposals have faltered largely over cost concerns and how a refundable credit would fit within Connecticut’s budget controls.
Gov. Ned Lamont Lamont and Republican minority lawmakers have tended to back more expansive tax-relief strategies.
