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House Republicans Propose Permanent Property Tax Relief
Key Takeaways
- Republicans target $340 million lost to New York under the convenience-of-employer rule
- Plan would convert recovered revenue into sustainable, permanent property tax relief
- Policy addresses remote-work tax shift that sends Connecticut income to New York
- GOP calls for state action to restore taxpayer funds and protect local revenues
Connecticut is losing roughly $340 million in tax dollars to New York due to a structural problem called the "convenience of employer" rule or convenience tax. As a result, millions in Connecticut-earned income are sent to New York every year. Under this rule which was implemented during COVID-19, Connecticut residents who are employed by a New York company (but work remotely) are paying income taxes to New York rather than Connecticut.
Our plan would bring that money back to the taxpayers of Connecticut through sustainable relief.
Click here to read more.
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Announcement
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