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CT SB00047

Bill

Official Source

Status

Introduced

2/10/2012

Primary Sponsor

Kevin Kelly

Click for details

Origin

Senate

2012 General Assembly

AI Summary

  • Requires one-half of any state budget surplus to be applied toward increasing the income tax exemption threshold
  • Directs surplus funds to provide income tax relief by raising the amount of income exempt from state taxation
  • Amends general statutes to mandate this allocation of surplus revenues
  • Referred to Committee on Finance, Revenue and Bonding
  • Introduced by Senator Kelly (21st District) during February 2012 session

Legislative Description

An Act Concerning The Use Of Budget Surpluses.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/10/2012

Committee Referrals

Finance, Revenue and Bonding2/10/2012

Full Bill Text

No bill text available