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It is applied to over 118,000 businesses in Connecticut including Limited Liability Corporations, Limited Liability Partnerships, Limited Partnerships and S Corporations.

These companies must pay the $250 tax annually regardless of whether they earn a profit or even operate during the year.

This tax is a drain on the State’s economy and sends a negative message to small business owners and entrepreneurs. According to Secretary Bysiewicz in her news release dated January 23, 2008, small business owners are responsible for 80% of Connecticut’s new jobs and are instrumental in the growth of the state’s economy. This tax is a burden on those same small business owners who are struggling to grow their businesses and make ends meet. The $250 these businesses pay each year could pay an electric bill for a month, cover advertising costs, or be invested in a new product.

It is time to repeal the business entity tax in Connecticut. The state had a budget surplus last year and can no longer justify this additional tax on small business owners.

Tell your State legislators you want them to support Senate Bill 400, or any other measure that will eliminate the business entity tax.

House Democrats: 1-860-240-8585
Senate Democrats: 1-860-240-8600

House Republicans: 1-860-240-8700
Senate Republicans: 1-860-240-8800

Click here to sign the petition!