CT SB00478

Requires the Commissioner of Revenue Services to study income tax policies in surrounding and other states, effective upon passage.

Study must examine tax bases and tests used by other states to levy income tax on residents and nonresidents, and compare credit provisions for taxes paid to other states.

Commissioner must analyze circumstances where Connecticut residents may face double taxation and develop recommendations to mitigate such double taxation.

Commissioner authorized to consult with individuals, businesses, and state agencies as necessary to complete the study.

Commissioner must submit findings and recommendations to the joint standing committee on Finance, Revenue and Bonding no later than January 1, 2019.