Taxes News
Lower individual income tax revenue in Connecticut during Q3 2024
The third quarter of 2024 brought in $1.4 billion in individual income tax revenue for Connecticut, a 57.5% decrease from the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
Connecticut's license tax revenue up 12.2% in Q2 compared to same quarter of the previous year
Connecticut collected $110 million in license taxes during the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.