HB 5046 - An Act Concerning Revenue

• Increases various fees and filing costs across state agencies, including permit fees ($200 grievance arbitration filing fee), town clerk recording fees (up to $20), and marriage licenses ($30 to $50).

• Establishes new taxes and surcharges: daily fantasy sports contests taxed at 8.75% of gross receipts, ambulatory surgical centers taxed at 5-6% of gross receipts, and creates a state-wide marketing and promotion account funded by 9% of hotel occupancy tax revenue.

• Modifies personal income tax credits including the apprenticeship training program credit and adjusts tax credit usage limits from 70% to 50% of tax liability for 2015-2018, gradually increasing thereafter.

• Implements probate fee structure adjustments for different estate values with tiered rates, creates motor vehicle property tax grants for municipalities with high mill rates, and establishes municipal revenue sharing account distributions.

• Increases sales tax rates on luxury items (motor vehicles over $50,000, jewelry over $5,000, and high-end clothing/accessories over $1,000) and makes feminine hygiene products and disposable diapers exempt from sales tax effective 2017.