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CT SB00010
Bill
Status
2/8/2018
Primary Sponsor
Martin Looney
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AI Summary
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Extends MMCT Venture, LLC's $30 million payment deadline to the General Fund from June 30, 2019 to June 30, 2020, with payments credited against required casino gaming facility payments.
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Allows Secretary of Office of Policy and Management to transfer up to $20 million from nonappropriated General Fund accounts to support the General Fund for fiscal year ending June 30, 2019, excluding the community investment account.
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Creates income tax deduction for taxpayers who grow and donate agricultural food commodities to food banks, food pantries, or soup kitchens, limited to $40,000 of wholesale value per taxable year.
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Restructures ambulatory surgical center tax effective July 1, 2018 at 6 percent rate with exemptions for Medicaid and Medicare payments plus first $1 million in gross receipts, replacing prior tax structure.
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Increases Social Security benefits and pension/annuity income exclusions from Connecticut taxable income starting in 2019, phasing in full pension exclusions by 2025 for lower-income taxpayers.
Legislative Description
An Act Making Adjustments To State Revenue And Concerning The Ambulatory Surgical Centers Tax.
Last Action
File Number 623
4/23/2018