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CT HB05098

Bill

Official Source

Status

Introduced

2/9/2016

Primary Sponsor

Roland Lemar

Click for details

Origin

House of Representatives

2016 General Assembly

AI Summary

  • Imposes a tax on endowments of educational institutions to generate revenue for universal free community college for state residents
  • Tax applies only to institutions with endowment assets of at least one billion dollars
  • Tax applies only to institutions that do not spend at least five percent of their endowment on educational support activities
  • Referred to the Committee on Finance, Revenue and Bonding
  • Introduced by Rep. Lemar (96th District) during the February 2016 session

Legislative Description

An Act Concerning A Tax On Certain Educational Institutions.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/9/2016

Committee Referrals

Finance, Revenue and Bonding2/9/2016

Full Bill Text

No bill text available