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CT HB05467

Bill

Status

Passed

6/3/2014

Primary Sponsor

Finance, Revenue and Bonding Committee

Click for details

Origin

House of Representatives

2014 General Assembly

AI Summary

  • Requires the president pro tempore of the Senate or speaker of the House of Representatives (or their designees) to notify the Treasurer prior to consideration of any bill authorizing bond issuance in the first chamber, effective October 1, 2014.

  • Changes the tax expenditure report submission deadline from January 1, 1995 to February 1, 2016, with reports to be submitted biennially thereafter to the joint standing committee on finance, revenue and bonding.

  • Requires tax expenditure reports to include descriptions of each tax expenditure, enactment year and purpose, estimated fiscal impact for the current biennium, and estimated number of taxpayers benefiting from each expenditure.

  • Mandates the joint standing committee on finance, revenue and bonding to meet and analyze each submitted tax expenditure report upon receipt.

Legislative Description

An Act Concerning Procedures For Debt Certifications And The Tax Expenditure Report.

Last Action

Signed by the Governor

6/3/2014

Committee Referrals

Finance, Revenue and Bonding3/3/2014

Full Bill Text

No bill text available