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CT SB00941

Bill

Official Source

Status

Introduced

2/21/2013

Primary Sponsor

Commerce Committee

Click for details

Origin

Senate

2013 General Assembly

AI Summary

  • Provides sales and use tax exemptions for tangible personal property and services used in development, construction, rehabilitation, renovation, or repair of approved projects effective July 1, 2013
  • Limits exemption eligibility to projects with a total cost of not more than $2,500,000
  • Requires prior approval from the Commissioner of Economic and Community Development for projects to qualify for tax relief
  • Allows the Commissioner to issue certificates that sellers may rely upon to exempt qualifying tangible property and services from Connecticut sales and use taxes
  • Requires the Commissioner of Economic and Community Development to develop tax exemption certificates in collaboration with the Commissioner of Revenue Services

Legislative Description

An Act Concerning Sales And Use Tax Relief By The Department Of Economic And Community Development.

Last Action

Favorable Change of Reference, House to Committee on Finance, Revenue and Bonding

3/18/2013

Committee Referrals

Finance, Revenue and Bonding3/12/2013
Commerce2/21/2013

Full Bill Text

No bill text available