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CT HB05425

Bill

Official Source

Status

Vetoed

6/15/2012

Primary Sponsor

Finance, Revenue and Bonding Committee

Click for details

Origin

House of Representatives

2012 General Assembly

AI Summary

  • Extends the tax-exempt period for noncommercial vessel storage and mooring from November 1 - April 30 to October 1 - May 31 each year
  • Exempts the use tax on vessels during the October 1 - May 31 period when the vessel is being delivered to or actually undergoing storage, maintenance, or repair in Connecticut
  • Clarifies that the exemption applies only to the specific use of vessels for storage, maintenance, and repair, and does not affect tax liability on the sale or other uses of the vessel
  • Repeals and replaces Connecticut General Statutes section 12-413a to reflect the expanded exemption period

Legislative Description

An Act Concerning The Applicability Of The Sales And Use Tax To Vessel Storage, Maintenance Or Repair.

Last Action

Vetoed by the Governor

6/15/2012

Committee Referrals

Finance, Revenue and Bonding3/6/2012

Full Bill Text

No bill text available