Advocacy Updates
Key Tax Provisions Included in $55.8B Budget Package
The Connecticut legislature passed a $55.8 billion two-year budget with significant spending increases and weakened fiscal guardrails. Several tax changes and new measures were included that impact individuals, businesses, and municipalities.
CTCPA Executive Director Bonnie Stewart has combed through the more than 600 pages of the budget bill to highlight key tax provisions by both bill section and tax type. For complete language on any of these provisions, you can refer to the noted sections of the budget bill, H.B. 7287.
CTCPA Bill to Modernize CPA Licensure and Mobility Laws Passes House and Senate, Awaits Governor's Signature
We have advocated for Connecticut to adopt three flexible pathways to CPA licensure, expanding access to the profession while ensuring continued integrity of the credential. We also pursued an automatic or enhanced mobility model to grant CPAs licensed in other states the privilege to practice here without administrative hurdles.
The proposals were released as Raised Bill 7020, An Act Concerning Certified Public Accountants . The bill passed in the Connecticut House of Representatives with no opposition on April 28 and the Senate on May 29 and is now waiting to be signed by Governor Lamont.
Lower CPA License Fees Not Included in Final Budget Package
Despite extensive efforts by the CTCPA and many members (thank you!), reducing CPA license fees was unfortunately not included in the final budget package passed by the House and Senate. This measure aimed to reduce licensure fees for all professions licensed by the Department of Consumer Protection, including CPAs.
Unfortunately, as concerns regarding the budget grew, neither the Governor nor legislative leaders were comfortable moving forward with fee reductions for any profession other than a limited number of medical professionals.
This was disappointing news for our profession, and we will continue advocating for this measure as it remains extremely important to our organization and its members.
We plan to work diligently over the summer and fall and will request this issue to be raised again during the 2026 legislative session.
Connecticut Legislative News
How far did CT’s ‘fiscal guardrails’ move? Depends whom you ask
June 16, 2025
Leaders say saving rules likely to evolve as federal aid shrinks.
New CT laws taking effect July 1: School lessons, e-books, budget
June 16, 2025
Over six dozen Connecticut laws, including the state’s next budget and bond package, will wholly or partially take effect on July 1.
New York passes new CPA pathway in ‘unheard of’ fashion
June 13, 2025
New York’s accounting policy advisors secured two legislative wins this week, with CPA licensing reform and e-signature expansion both passing in the same session.
With Pressure From Both Sides, Lamont Seeks Middle Ground On Housing Bill
June 11, 2025
A week after it passed the General Assembly, House Bill 5002 is still causing a ruckus in Hartford, with Republicans urging Gov. Ned Lamont to “just veto it” in a series of statements and the governor expressing hesitancy over the bill’s version of fair-share legislation known as “Towns Take the Lead.”
Lamont Talks Budget, Housing In Post-Session Briefing
June 06, 2025
Gov. Ned Lamont credited hard work and clever negotiation between the legislative and executive branches for passage of “an honestly balanced budget” that did not raise residents’ tax rates.
$55.8 Billion Budget Heads To Lamont’s Desk
June 04, 2025
After 12 hours of debate and a series of failed Republican amendments, the Connecticut Senate approved a new, two-year state budget for fiscal years 2026 and 2027, unchanged from the one it received Monday night from the House. The budget is the result of a deal negotiated by legislative leaders and Gov. Ned Lamont.
Federal Legislative News
AICPA makes Priority Guidance Plan recommendations to IRS
June 16, 2025
The AICPA recommended 183 changes to the IRS’s 2025–2026 Priority Guidance Plan and also encouraged the agency to continue to pursue tax simplification.
IRS: Request for Information Related to Executive Order 14247 'Modernizing Payments To and From America’s Bank Account'
June 16, 2025
We’re collecting feedback on Executive Order 14247 “Modernizing Payments To and From America’s Bank Account.” Beginning September 30, 2025, all federal payments that are currently made by paper check—including Social Security benefits, tax refunds, and vendor payments—will be made electronically. All receipts to the federal government will also be required to be made by digitized payments (to the extent permissible under applicable law).
One Big Beautiful Bill full of impactful tax provisions
June 16, 2025
The One Big Beautiful Bill Act, as passed by the House and whose revised text was released Monday by Republicans on the Senate Finance Committee, includes a number of significant tax provisions for both corporate taxpayers and nonprofits.
New York passes new CPA pathway in ‘unheard of’ fashion
June 13, 2025
New York’s accounting policy advisors secured two legislative wins this week, with CPA licensing reform and e-signature expansion both passing in the same session.
Republican senators consider $30K SALT cap in Trump tax bill
June 11, 2025
Republican senators are considering placing a $30,000 cap on the state and local tax deduction as a compromise between current law and the more generous limit in the House's version of President Donald Trump's tax bill, a key GOP negotiator said.
53 CPA societies back AICPA in PTET SALT deduction effort
June 06, 2025
Eliminating the state and local tax deduction for service-based passthrough entities would “result in a tax increase for accountants throughout the country,” according to a letter addressed to leaders of the Senate Finance Committee by the AICPA and CPA societies from 53 states and jurisdictions.
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