SALT

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Connecticut retailers now face two overlapping sales tax developments this summer: a temporary, one-week expansion of the state’s back-to-school sales tax holiday, and a separate, permanent exemption for nonelectronic school supplies that applies year-round.
Continue Reading Connecticut Expands Its Sales Tax Free Week and Creates a Year-Round School Supplies Sales Tax Exemption

As is commonly known, one of the significant provisions of the Tax Cuts and Jobs Act of 2017, was to place a limit on the ability of taxpayers to deduct their state and local taxes (“SALT”).  One of the responses by many states to the SALT limitation, including Connecticut, was to enact legislation that allowed residents…