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 income or (2) are taxable members of a combined group that files a combined unitary tax return, regardless of income. Previously applicable up to income years commencing prior to...