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Connecticut Extends Corporation Business Tax Surcharge

|Approved Changes|United States
United States

On 12 June 2023, the governor of the U.S. State of Connecticut signed House Bill (HB) 6941 on the State Budget into law. For companies, one of the main measures is the extension of the corporation business tax surcharge. The surcharge applies at a rate of 10% to companies that have more than USD 250 in corporation tax liability and either (1) have at least USD 100 million in annual gross incom…

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