The 2019 legislative session of the Connecticut General Assembly produced a number of new laws affecting Connecticut businesses, including:
- Codifying Connecticut’s standards for veil piercing. For civil actions filed on or after July 9, 2019, Connecticut has codified the common law use of the instrumentality rule and effectively eliminated another common law theory of imposing liability, the “identity rule.”
- An increase in the minimum wage. The minimum hourly wage was raised from $10.10/hour to $11/hour starting October 1 2019. The minimum wage will increase by $1.00 every 11 months until it reaches $15/hour on June 1, 2023.
- New sexual harassment notification and training requirements. The state’s new “Time’s Up Act” imposes additional sexual harassment notice and training requirements on employers with three or more employees and increases the fines for employers who fail to provide the required notices. It gives employees more time to file a sexual harassment for violations occuring on or after October 1, 2019, and allows Connecticut Commission on Human Rights and Opportunities (CHRO) representatives to enter an employer’s business under certain circumstances to review the employer’s compliance with the law.
- New FMLA program. A new paid family and medical leave program will provide benefits up to a maximum weekly amount, and will be funded by employee contributions that will be collected beginning January 2021. Eligible employees will be eligible for up to 12 weeks of paid leave and may begin taking paid leave in January 2022. The new law also amends the current family and medical leave act effective January 1, 2022. The changes include subjecting private employers with at least one employee to the law and reducing the number of months an employee must work before becoming eligible for family and medical leave. The new law includes a more expansive definition of family member.
- Modifications to the state’s tax laws. Changes, which affect pass-through businesses and their owners in particular, include a reduction in credit to entity owners for taxes paid at the entity level; expansion of pass-through entity tax base; new sales and use taxes; expansion of angel tax credit; andreduction of other credits.
These and other important changes have been captured in the 2020 Edition of Connecticut & Rhode Island Laws Governing Business Entities Annotated. The 2020 edition includes over 45 recently amended or added sections in the Connecticut General Statutes. Attorney Nancy A. D. Hancock of Pullman & Comley, LLC has prepared a comprehensive analysis of the changes made to the Connecticut business laws.
Also included are the latest amendments in the General Laws of Rhode Island, including all the recent changes regarding corporate taxation.
The latest case notes from state and federal courts interpreting the law have been included for both jurisdictions. Fee schedules showing the Secretary of State’s required filing fees for various business services in both Connecticut and Rhode Island have been updated.
The companion CD-ROM contains over 140 forms for incorporation/formation, qualification, mergers, dissolution, and name reservation for all business entity types in Connecticut and the Rhode Island. New this year: Readers can now access these forms via the LexisNexis Online Download Center. A listing of the forms and contact information for the jurisdictions can be found in the book’s appendix.
Connecticut and Rhode Island Laws Governing Business Entities Annotated is available as a softbound book or as an ebook, compatible with dedicated e-reader devices, computers, tablets and smartphones that use e-reader software or applications. It is also available on the LexisNexis Digital Library.
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To learn more about the 2020 Edition of Connecticut & Rhode Island Laws Governing Business Entities Annotated, call 1.800.533.1637 or visit us online at www.lexisnexis.com/csc.