Connecticut HB 5186: AN ACT CONCERNING THE AFFECTED BUSINESS ENTITY TAX AND THE CREDIT RELATED THERETO AND ESTABLISHING A SURCHARGE ON THE AMOUNT OF FEDERAL QUALIFIED BUSINESS INCOME DEDUCTIONS CLAIMED BY CERTAIN FILERS.

Status: REF. TO JOINT COMM. ON Finance, Revenue and Bonding (as of 2026-02-11)

State: Connecticut · Session: 2026 · Bill: HB 5186

Subjects: Limited liability companies, limited liability partnerships, limited partnerships and S corporations tax

Sponsors: Amy Morrin Bello, Anthony L. Nolan, Bob Godfrey, Brandon Chafee, Corey P. Paris, Derek Slap, Eleni Kavros Degraw, Gary A. Turco, Gary A. Winfield, Geoff Luxenberg, Jason Doucette, Jillian Gilchrest, Josh Elliott, Kaitlyn Shake, Kara Rochelle, Kate Farrar, Kenneth Gucker, Kevin Brown, Laurie Sweet, Marcus Brown, Mary Fortier, Maryam Khan, Michael "mj" Shannon, Mike Demicco, Nicholas Menapace

Bill Text

LCO No. 946 1 of 2

General Assembly Proposed Bill No. 5186
February Session, 2026 LCO No. 946

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. DOUCETTE, 13th Dist.
REP. BIGGINS, 11th Dist.
REP. BROWN, 56th Dist.
REP. BROWN M., 127th Dist.
REP. CHAFEE, 33rd Dist.
REP. DEMICCO, 21st Dist.
REP. ELLIOTT, 88th Dist.
REP. FARRAR, 20th Dist.
REP. FORTIER, 79th Dist.
REP. GAUTHIER, 38th Dist.
REP. GILCHREST, 18th Dist.
REP. GODFREY, 110th Dist.
REP. GUCKER, 138th Dist.
REP. HEFFERNAN, 115th Dist.
REP. JOHNSON, 49th Dist.
REP. KAVROS DEGRAW, 17th Dist.
REP. KEITT, 134th Dist.
REP. KHAN, 5th Dist.
REP. LEMAR, 96th Dist.
REP. LUXENBERG, 12th Dist.
REP. MARTINEZ, 22nd Dist.
REP. MENAPACE, 37th Dist.
REP. MCGEE T., 116th Dist.
REP. MORRIN BELLO, 28th Dist.
REP. NOLAN, 39th Dist.
REP. PARIS, 145th Dist.
REP. ROCHELLE, 104th Dist.
REP. SHAKE, 120th Dist.
REP. SHANNON, 117th Dist.
REP. SIMMS, 140th Dist.
SEN. SLAP, 5th Dist.
REP. SWEET, 91st Dist.
REP. TURCO, 27th Dist.
REP. WINTER, 94th Dist.

AN ACT CONCERNING THE AFFECTED BUSINESS ENTITY TAX AND
THE CREDIT RELATED THERETO AND ESTABLISHING A
SURCHARGE ON THE AMOUNT OF FEDERAL QUALIFIED BUSINESS
INCOME DEDUCTIONS CLAIMED BY CERTAIN FILERS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That title 12 of the general statutes be amended to (1) establish a one 1

Proposed Bill No. 5186

LCO No. 946 2 of 2

percentage point surcharge on the tax imposed under chapter 228z of 2
the general statutes, (2) reduce the credit allowed against said tax, for 3
filers subject to the highest marginal rate under section 12-700 of the 4
general statutes, to eighty-three and six-tenths per cent, (3) increase the 5
credit allowed against said tax, for filers subject to the three lowest 6
marginal rates under section 12-700 of the general statutes, to ninety-7
three and one-hundredths per cent, and (4) establish a ten per cent 8
surcharge on the amount of the qualified business income deduction 9
claimed for federal income tax purposes by filers subject to the highest 10
marginal rate under section 12-700 of the general statutes. 11
Statement of Purpose:
To (1) establish a surcharge on the affected business entity tax and
adjust, for certain personal income tax marginal rates, the amount of the
credit allowed against said tax, and (2) establish a surcharge on the
amount of the qualified business income deduction claimed for federal
income tax purposes by filers subject to the highest marginal rate under
section 12-700 of the general statutes.

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