Loading chat...

CT SB00010

Bill

Status

Introduced

2/8/2018

Primary Sponsor

Martin Looney

Click for details

Origin

Senate

2018 General Assembly

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Finance, Revenue and Bonding2/8/2018

Full Bill Text

No bill text available