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CT HB06414
Bill
Status
2/17/2011
Primary Sponsor
Planning and Development Committee
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AI Summary
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Increases the Connecticut sales and use tax rate from 6% to 6.25% effective October 1, 2011, for sales occurring on or after that date.
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Adjusts the sales tax bracket system to reflect the increased rate, with the "no tax" bracket changing from $0.00-$0.08 to $0.00-$0.07 and subsequent brackets adjusted proportionally.
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Requires the Commissioner of Revenue Services to segregate 0.25% of all sales and use tax revenue and distribute it pro rata to regional councils of governments based on municipal population ratios.
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Directs regional councils of governments to use returned tax revenue to promote regionalism initiatives, including regional economic development and cooperative programs and agreements.
Legislative Description
An Act Returning A Portion Of The Sales Tax For Regionalism Initiatives.
Last Action
Referred to Joint Committee on Planning and Development
2/17/2011