LCO No. 1449 1 of 1
General Assembly Proposed Bill No. 5153
January Session, 2025
LCO No. 1449
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. DOUCETTE, 13th Dist.
AN ACT ESTABLISHING A CAPITAL GAINS SURCHARGE AND
CONCERNING THE USE OF THE REVENUE GENERATED FROM
SUCH SURCHARGE.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the general statutes be amended to (1) establish a surcharge of 1
two per cent on the net gain from the sale or exchange of capital assets 2
on a taxpayer whose Connecticut adjusted gross income is equal to or 3
greater than the threshold amount specified in section 12-700 of the 4
general statutes for imposition of the highest marginal rate on such 5
taxpayer, and (2) require the revenue from such surcharge be deposited 6
in the Early Childhood Education Fund established under section 10-7
511 of the general statutes. 8
Statement of Purpose:
To establish a capital gains surcharge on certain taxpayers, to be
deposited in the Early Childhood Education Fund.