CT HB06986

Modifies the definition of "occupancy" in hotel/lodging tax law by replacing "exceeding" with "not more than" thirty consecutive calendar days to clarify the duration threshold.

Corrects cross-references and language in property seizure and forfeiture procedures under tax law, including clarifying that property may not be sold while a hearing application is pending unless a bond is posted.

Adds a teacher retirement income tax exclusion effective July 1, 2015, allowing 10% exclusion for tax year 2015, 25% for 2016, and 50% for 2017 and thereafter.

Revises corporate tax combination rules to clarify when adjustments do not apply and corrects terminology regarding alternative methods for determining combined tax measures.

Removes outdated fisherman tax exemption permit regulations and renumbers subsections, while maintaining provisions for permit issuance to those engaged in commercial fishing as a trade or business.