Connecticut Allows Employer Provided Commuter Benefit Tax Credit

The Connecticut Governor signed a law that includes, effective Jan. 1 2027, and for income years beginning on or after Jan. 1, 2027, and for the first five income years in which an eligible employer provides a qualified commuter transportation benefit pursuant to an approved commuter benefit plan, allowing a credit against the corporation business tax, insurance premium tax or affected business entity tax of an eligible employer. [S.B. 9, enacted 05/27/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.