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Finance, Revenue and Bonding Committee records roll-call votes and schedules public hearings on tax proposals

Finance, Revenue and Bonding Committee · February 19, 2026
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Summary

The Finance, Revenue and Bonding Committee recorded roll-call votes and acted on motions to reserve several bills for subject-matter public hearings, including a proposed statewide residential property tax and a capital-gains surcharge. Votes were recorded and some were left open for finalization later in the day.

The Finance, Revenue and Bonding Committee met in an abbreviated in-person session and recorded roll-call votes on multiple measures as it considered whether to reserve several bills for subject-matter public hearings.

The committee chair opened the meeting and moved a package of 14 concepts to be advanced; members approved that motion by voice vote. The chair then moved to reserve a set of individual agenda items (items 1, 2, 4, 5, 7 and 8) for subject-matter public hearings; that motion also passed on a voice vote.

When the chair introduced Senate Bill 101, described in the meeting as "an act establishing a statewide property tax on residential property," Representative Paletta opposed advancing the bill to a hearing. Representative Paletta said, "I do not believe that levying, taxes on residential properties, for any reason at this point in time would be a good idea," arguing Connecticut is already a high-tax state and expressing concern about the timing of such a proposal.

A roll-call vote was taken on reserving SB 101 for a subject-matter public hearing. The administrator read recorded votes and the chair said the committee…

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