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House Republicans Propose Permanent Property Tax Relief
Key Takeaways
- GOP proposes permanent property tax relief funded by reclaiming $340 million lost to New York
- Plan targets the 'convenience of employer' rule taxing remote Connecticut workers to New York
- Lawmakers aim to stabilize state finances and reduce local property tax burdens
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.
Read the plan here
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Announcement
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