Connecticut, California reap windfalls from U.S. tax changes

Updated: 3:30 p.m.

CONN. GOV. DANNEL MALLOY says that early payments of 2017 income taxes is yielding the state a $900 million windfall, as people try to take advantage of full deductibility of state taxes before that changes thanks to the federal tax overahaul. / BLOOMBERG NEWS PHOTO/ANDREW HARRER
CONN. GOV. DANNEL MALLOY says that early payments of 2017 income taxes is yielding the state a $900 million windfall, as people try to take advantage of full deductibility of state taxes before that changes thanks to the federal tax overahaul. / BLOOMBERG NEWS PHOTO/ANDREW HARRER
NEW YORK – At least two high-tax states are receiving windfalls thanks to Washington. In California, a state that will be heavily affected by the $10,000 limit on state and local deductions enacted last month, December revenue collections came in at $16 billion, or 32 percent more than forecasts, according to the Legislative Analyst’s Office.…

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