Business Entity Tax & Comprehensive Tax Reform

Date: November 19, 2014

Eliminate the Business Entity Tax entirely to put $ back in the pocket
of every small business owner in Connecticut and ensure that small business has
a voice in state tax reform discussions. 
While NFIB was successful in leading the charge to reform the state’s
$250 Business Entity Tax (BET), this nuisance tax on small business owners,
including those that don’t even make a profit, must be fully repealed in the
future.  In addition, the State Tax Panel
will be considering comprehensive changes to Connecticut’s tax system and NFIB
will to make sure small business has a voice in this process.  Finally, with ongoing state budget deficits
predicted into the near future, NFIB will fight against new or higher taxes
that may be imposed to unfairly balance the budget on the backs of small

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