CT HB05534

Establishes a revenue accountability commission to evaluate the state's revenue structure based on adequacy, equity, balance, simplicity, economic competitiveness, effectiveness and efficiency, and to recommend improvements.

Commission consists of 15 members including two state or local revenue policy managers, two labor representatives, nonprofit and business representatives, economic and revenue commissioners, legislative committee chairs and ranking members, and three jointly-appointed members with diverse expertise.

Commission must hold first meeting by September 1, 2010 and meet at least four times per year, with members selecting two chairpersons from among their ranks.

Requires commission to submit a revenue options report by December 1, 2010 with recommendations to balance the budget, and a comprehensive findings and recommendations report by January 1, 2012, after which the commission terminates.

Amends tax confidentiality law effective October 1, 2010 to allow the revenue accountability commission to access taxpayer return information subject to existing confidentiality restrictions under section 12-15.