A Compilation of New Taxes

Here’s a compilation of some of the many tax changes offered by Governor Lamont in his plan and by legislative Democrats through a recent Finance Committee vote. It remains to be seen which of these ideas will end up in a final budget plan to be voted on by the General Assembly’s full membership.

• A new 2% Tax on Capital Gains
• Property Tax Credit – Removed Scheduled Expansion
• Tax for Rideshare
• Increase in Sales Tax on Meals
• 10% Tax Increase on Alcohol
• Increase Tax rate on Movies 6% to 6.35%
• Eliminate 5 year, $500 credit for STEM college graduates
• Tax interior design services
• Tax dry-cleaning and laundry services, incl. coin-operated
• Tax parking
• Tax on digital downloads from 1.0% to standard 6.35% rate
• Tax Safety apparel
• Maintain current 10% business surcharge set to expire in tax year 2019
• Tax E-Cigarettes liquid at 75% wholesale
• Increase Minimum Markup on Cigarettes
• Increased Sales due to Ecig Excise
• Maintain Hospital User Fee at FY 2019 level of $900 million
• Implement recommendation of ambulatory surgical center tax study
• Surcharge on Plastic Bags of 10 cents
• Increase annual filing fee for LLC’s and LLP’s from $20 to $100
• Eliminate increased exemption for social security income
• Eliminate exemption for pension and annuity income
• Eliminate the sales tax free week
• Tax legal services
• Tax on accounting services
• Tax on architectural services
• Tax on engineering services
• Tax on real estate activities and agents/brokers
• Tax on veterinary services
• Tax on barber shops and beauty salons
• Tax on massage therapists and electrology services
• Tax on sports/recreation instruction and industries
• Tax on horse boarding and training
• Tax on travel arrangement and scenic transportation
• Tax on services to buildings and dwellings
• Tax on waste collection
• Tax on Renovation and repair of residential property
• Tax on Repair or maintenance of vessels
• Tax on Winter boat storage
• Tax on Increase tax on boats from 2.99% to standard 6.35% rate
• Tax Increase hotel occupancy tax from 15% to 17%
• Tax on Trade-ins for vehicles
• Tax on Non-prescription drugs
• Tax on Text books, college & professional schools
• Tax on Newspapers and magazines
• Tax on Connecticut credit unions
• Tax on Campground rentals
• Tax on Bicycle helmets
• Tax on child car seats
• Tax on vegetable seeds
• A new 25 cent deposit on wine and liquor glass bottles
• A new Add 5 cent bottle deposit to nips