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CT HB05699
Bill
Status
Introduced
1/21/2011
Primary Sponsor
Andrew Fleischmann
Click for details
AI Summary
- Establishes an account within the General Fund to provide refunds to electric utility ratepayers on their electric utility bills
- Imposes an excess profits tax on utility generators for income years beginning January 1, 2009, January 1, 2010, and January 1, 2011
- Taxes utility generator earnings exceeding 20 percent return on equity at a rate of 50 percent
- Deposits all revenues from the excess profits tax into the established account to fund ratepayer refunds
Legislative Description
An Act Providing Relief To Electricity Customers.
Last Action
Public Hearing 03/01
2/25/2011
Committee Referrals
Energy and Technology1/21/2011
Full Bill Text
No bill text available