Proposed Bill No. 5117 aims to amend chapter 229 of the general statutes by establishing an additional marginal tax rate of at least four percent on personal income exceeding one million dollars. This new tax rate is intended to generate revenue that will be dedicated to various public services and initiatives, including education, universal school meals, school construction and repairs, higher education, child care support, and infrastructure maintenance such as roads and public transportation.

The bill emphasizes the importance of utilizing the revenue from this additional tax to enhance community resources and support for families, particularly in areas like child care and education. By targeting high-income earners, the legislation seeks to create a more equitable tax system while addressing critical needs within the state.