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CT HB05193

Bill

Official Source

Status

Introduced

2/18/2014

Primary Sponsor

Mitch Bolinsky

Click for details

Origin

House of Representatives

2014 General Assembly

AI Summary

  • Restores exemption from sales and use taxes on nonprescription drugs and medicines effective April 1, 2014
  • Offsets revenue loss by allocating $10,800,000 from the state's excess revenue
  • Maintains the earned income tax credit at the current 25 percent level to help cover remaining revenue loss
  • Referred to Committee on Finance, Revenue and Bonding
  • Introduced by Rep. Bolinsky (106th District) during February 2014 legislative session

Legislative Description

An Act Restoring The Exemption From Sales And Use Taxes For Nonprescription Drugs And Medicines.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/18/2014

Committee Referrals

Finance, Revenue and Bonding2/18/2014

Full Bill Text

No bill text available