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CT SB01134

Bill

Status

Introduced

4/16/2015

Primary Sponsor

Finance, Revenue and Bonding Committee

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Origin

Senate

2015 General Assembly

AI Summary

  • Allows the Office of Fiscal Analysis to share tax return information with legislative committee leaders (cochairpersons, vice-chairpersons, and ranking members of the finance committee) for purposes of legislative oversight of state tax credits and tax policy, limited to one closed meeting annually.

  • Requires the Commissioner of Revenue Services to provide the Office of Fiscal Analysis with all available tax return information for each type of state tax, with personal identifiers and business classification codes redacted.

  • Prohibits disclosure of tax return information shared with legislators to any other person except as provided by statute.

  • Directs the Commissioner of Economic and Community Development to study Connecticut businesses' capacity for international trade and methods to increase exports, including analysis of related departmental programs.

  • Requires the Commissioner to submit a report by January 1, 2016 identifying exportable business sectors, assessing export engagement levels, identifying obstacles to export trade, and recommending methods to eliminate those obstacles.

Legislative Description

An Act Concerning Legislative Oversight Of State Tax Credits And A Study Of International And Export Trade.

Last Action

File Number 806

5/11/2015

Committee Referrals

Finance, Revenue and Bonding4/16/2015

Full Bill Text

No bill text available