CT Tax Commissioner Mark Boughton Announces New Income Tax-Deduction Beginning Next Year
Mark Boughton is the former Mayor of the City of Danbury, and the current Commissioner of the Department of Revenue Services for the State of CT.
Boughton is a long-time friend of the Ethan and Lou Show on I-95, so when he wants to make an important announcement, he calls us. This was happy news coming from the state, in the form of tax cuts, here is what he told us on Thursday (5/12/22):
"We did spend a lot of time with the blessing of the legislature, and of course the Governor proposed, and got adopted a bunch of tax cuts."
Boughton took a victory lap and absorbed our applause and then got more specific, saying:
"The gas tax holiday goes until November 30, 2022, that's great right? So we're going to keep going on that. We are going to have a new child tax credit, so I'm going to send out to Lou, about five checks for $750 each with my name on it."
After taking a cheap shot and my baby-making abilities, Boughton added to the list of tax cuts by saying:
"You know I'm a big movie buff, so effective July 1, 2023, we're going to get rid of the admissions tax for movies, so you don't have to pay that little stupid tax on a movie ticket. And, if you've got a pension, and-or annuity, retirement income, coming in, you will be able to deduct 100 percent of that, starting next year off your income taxes."
It was nice getting to catch up with Mark Boughton and we were delighted to get the news about these tax cuts. Be sure to listen below, if you'd like to hear the entire tax cut conversation. In it, I asked the former Mayor why this gas tax holiday doesn't always translate at the pump.