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SB 38

Connecticut Senate bill in Session 2026.

Status: in_committee. Latest action: February 4, 2026.

AN ACT ESTABLISHING A CAPITAL GAINS TAX ON CERTAIN ENDOWMENT FUNDS OF INSTITUTIONS OF HIGHER EDUCATION AND CONCERNING THE USE OF THE REVENUE GENERATED.

Bill ID CT-2026-SB-38
Session 2026
Status in_committee
Committee Finance, Revenue and Bonding Committee
Senate in_committee 2026-02-04
Summary

To impose a capital gains tax on certain endowment funds of institutions of higher education and dedicate the revenue from such tax to reducing the amount that participants in the Paid Family and Medical Leave Insurance Program are required to contribute under section 31-49g of the general statutes.

Sponsor
Ryan Fazio
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-03 Introduced Bill introduced
2026-02-04 Status in_committee
2026-02-04 Latest Action REF. TO JOINT COMM. ON
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