Connecticut SB00513: Payroll Tax Modernization
Summary
Connecticut General Assembly enacted SB00513 to modernize state revenue collection of payroll expense through an employer administrative optimization program. The bill establishes a structural efficiency dividend applied to reduction of public benefits charges on electric bills and provides for enhancement of employee retirement assets through qualifying retirement investment plans. The Finance, Revenue and Bonding Committee passed the bill with a 40-14 vote.
What changed
Connecticut enacted SB00513 to modernize the collection of payroll taxes through a new employer administrative optimization program. The legislation establishes a structural efficiency dividend mechanism that will reduce public benefits charges appearing on electric utility bills. Additionally, the bill provides for enhanced employee retirement assets through qualifying retirement investment plans.
Connecticut employers subject to state payroll taxes should monitor for implementing regulations from relevant tax authorities. Organizations offering retirement benefits may need to evaluate whether their plans qualify under the new statutory framework. The structural efficiency dividend provision may affect how public benefit charges are presented on utility bills.
What to do next
- Monitor for implementing regulations from Connecticut tax authorities
- Review payroll tax reporting procedures for required changes
- Assess eligibility for structural efficiency dividend program
Archived snapshot
Apr 11, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
ChangeBridge / Connecticut / SB00513 Enrolled SB00513 Senate Bill Enrolled 2026-03-20
An Act Concerning Structural Efficiency In The Collection Of State Revenue.
To modernize state revenue collection of payroll expense through an employer administrative optimization program, establish a structural efficiency dividend to be applied to the reduction of public benefits charges on electric bills and provide for the enhancement of employee retirement assets through qualifying retirement investment plans.
Bill Details
State Connecticut
Session 2026 General Assembly
Chamber Senate
Official Source www.cga.ct.gov/asp/cgabillstatus/cgabillst...
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Sponsors
Finance, Revenue and Bonding Committee Travis Simms (Rep - D) Anthony Nolan (Rep - D)
Action History
2026-04-01 S Filed with Legislative Commissioners' Office 2026-03-30 S Joint Favorable 2026-03-23 S Public Hearing 03/27 2026-03-20 S Referred to Joint Committee on Finance, Revenue and Bonding
Votes
2026-03-30 FIN Vote Tally Sheet (Joint Favorable) Yea: 40 Nay: 14
Committee Referrals
2026-03-20 J Finance, Revenue and Bonding
Bill Text Versions
2026-03-19 Introduced Legislative data powered by LegiScan (CC BY 4.0)
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