WASHINGTON, DC -- The U.S. Treasury Department on Thursday issued new rules aimed at preventing taxpayers in Connecticut and other high-income and high-cost states from avoiding a new cap on the deductibility of their state and local taxes. The Internal Revenue Service said in May it would move to thwart the workaround Connecticut, New York, New Jersey, California and a number of other states have taken to avoid the new cap on these popular deductions.
HARTFORD, CT — Every four years since 1965, nonprofits have been required to remind municipal tax assessors why they should be exempt from property taxes. But according to a member survey conducted by the Connecticut Community Nonprofit Alliance, municipalities have been denying those tax exemptions on an increasing basis. About two thirds of the 35 nonprofits responding to the survey said their properties - which had a history of being tax exempt and had no changes of use - were suddenly being denied tax exemptions in 44 towns.
RIVERSIDE, CT -- Sean Goldrick, a resident of Riverside, CT and who served two terms on the Board of Estimate and Taxation for the Greenwich finance board, gives the facts on the growth of wealthy individuals living in Connecticut."
HARTFORD, CT -- William Buhler of Cromwell, a retired Co-chair of Legislative Action for CSEA and Paul L. Altieri, Ph.D., an Emeritus Professor of Economics at Central Connecticut State University, comment on the growing wealth in the state, especially in Fairfield County, and the negative impact of this wealth disparity on the State's economy.
HARTFORD, CT -- New York state is leading a group of 18 states, 10 cities, four counties and the U.S. Conference of Mayors in a lawsuit against the Census Bureau and Commerce Department to try to remove a new citizenship question from the 2020 census questionnaire. It was originally filed April 3, more than a week after California filed a similar lawsuit in San Francisco federal court against Commerce Secretary Wilbur Ross, who oversees the bureau, and Census Bureau officials. The city of San Jose, Calif., as well as a group of individuals from Maryland and Arizona, have also taken separate legal actions to block the citizenship question. The states joining New York State Attorney General Eric Schneiderman's lawsuit filed in Manhattan federal court are Colorado, Connecticut, Delaware, Illinois, Iowa, Maryland, Massachusetts, Minnesota, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia and Washington.
HARTFORD, CT -- Michelle Riordan-Nold, Executive Director of the Connecticut Data Collaborative, comments on the importance of an accurate Census 2020 count, and challenges the Census Bureau has faced in maintaining their federal funding and finding new leadership, a recent ruling has put the accuracy of the Census 2020 count in jeopardy.