Wealthy Connecticut Takes Hard Look at Tax Code Fairness

Connecticut is embarking on a first-in-the-nation tax transparency initiative that could answer questions—shrouded in mystery in most states—about tax fairness and tax avoidance.

A little-noticed feature of the state’s 2024-25 biennial budget (HB 6941) requires the Department of Revenue Services to issue comprehensive reports every two years analyzing several qualities of the revenue system. The exercise will display new data about the revenue collected under a half-dozen state tax programs, but it will also offer critical insights on two important fronts: the tax code’s impact on different socioeconomic groups, and the billions of tax dollars that go uncollected ...