2020 Connecticut Tax Developments

The focus of the nation in 2020, including the State of Connecticut, was first and foremost on addressing the worldwide pandemic and the resulting social and economic turmoil.  From the state and local tax perspective, Connecticut, like the vast majority of states, extended deadlines for the filing of tax returns and the making of tax payments, and provided guidance on the impact on Connecticut taxpayers of the federal Coronavirus Aid, Relief and Economic Security Act (“CARES Act”).  This newsletter summarizes this guidance and other 2020 Connecticut tax legislation, administrative guidance and case law.  Please contact a member of our State and Local Tax Practice Group if you have questions regarding the new tax law changes or how they may affect you and your business.