Advocacy Updates

Connecticut is among the top states in the country for research and development, according to a recent report from Smilehub.org. Smilehub is a nonprofit tech company that uses data to create ratings.

While 70 percent of surveyed Connecticut manufacturers were profitable in 2024, nearly all saw the cost of business go up due to a variety of factors. Nearly two in three businesses though (66%) reported that the Trump administration’s tariff policies are negatively impacting them, according to a recent report issued by the state’s largest business organization.

A number of Connecticut municipalities listed below are scheduled to conduct real property revaluations effective October 1, 2025. As early as this month, property owners in these municipalities will begin receiving revaluation notices with the proposed new assessments of their properties. Typically, these notices include an opportunity to attend an informal hearing with the revaluation company or the assessor's office to discuss the new assessments, which should represent 70% of a property's fair market value.

The federal government shutdown that began just after midnight Wednesday morning could have wide-ranging and long-lasting effects on the state, according to Gov. Ned Lamont.

Connecticut officials say they feel prepared to weather the early days of a federal government shutdown, which would begin early Wednesday, unless there’s an 11th-hour funding deal.

The IRS furloughed almost half its workforce as the government shutdown entered its second week, the agency said Wednesday evening in its updated contingency plan.

Social Security Administration Commissioner Frank Bisignano will also serve in the newly created position of chief executive officer of the IRS, the Treasury secretary said Monday in a news release.

The Department of the Treasury and the Internal Revenue Service today issued guidance providing deposit penalty relief for the first three quarters of 2026 to remittance transfer providers. Notice 2025-55 PDF provides relief in connection with the new excise tax imposed on certain remittance transfers under the One, Big, Beautiful Bill.

Within hours of the federal government shutdown at midnight on Sept. 30, the Trump administration announced the cancellation of more than $7.5 billion in US Department of Energy awards, terminating 321 grants tied to 223 projects in 16 states.

While 70 percent of surveyed Connecticut manufacturers were profitable in 2024, nearly all saw the cost of business go up due to a variety of factors. Nearly two in three businesses though (66%) reported that the Trump administration’s tariff policies are negatively impacting them, according to a recent report issued by the state’s largest business organization.

With just two weeks until the tax filing deadline for C-corporations and individuals who requested a filing extension, the American Institute of CPAs (AICPA) is renewing its call to except 100 percent of Internal Revenue Service (IRS) employees for the duration of the shutdown, even beyond the five days already authorized in the agency’s contingency plan.