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Connecticut News

Sales Tax Collection Reaches Record High In Connecticut

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Connecticut sales tax collections between July and December rose to their highest level on record. That was after the state expanded the number of online retailers subject to the 6.35% tax. 

The state Department of Revenue Services says Connecticut took in an additional $102 million in sales tax revenues in the first six months of the fiscal year, producing a record $1.94 billion. 

Sales tax revenue in December alone was nearly $500 million, a 17% increase over the previous record. 

The sales tax is the second largest source of revenue in Connecticut after income taxes.