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CT SB00303
Bill
Status
Introduced
2/24/2010
Primary Sponsor
Martin Looney
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AI Summary
- Increases hotel occupancy sales tax from 12% to 15% effective October 1, 2010, applicable to room rentals not exceeding 30 consecutive calendar days
- Requires Commissioner of Revenue Services to segregate 3% of hotel sales taxes, with one-third returned to the municipality where the hotel is located and two-thirds deposited into a new municipal hotel tax account
- Establishes the municipal hotel tax account as a nonlapsing account within the General Fund to hold segregated hotel tax revenues
- Distributes one-half of municipal hotel tax account funds annually starting April 1, 2011, to municipalities on a pro-rata basis according to population
- Distributes remaining one-half of account funds annually to regional councils of governments or regional planning agencies based on population, to be used for regionalism initiatives including economic development and educational cooperative programs
Legislative Description
An Act Returning A Portion Of The Hotel Sales Tax To Municipalities.
Last Action
Referred by Senate to Committee on Finance, Revenue and Bonding
4/14/2010
Committee Referrals
Finance, Revenue and Bonding4/14/2010
Planning and Development2/24/2010
Full Bill Text
No bill text available