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CT HB05868

Bill

Official Source

Status

Introduced

1/18/2023

Primary Sponsor

Brandon Chafee

Click for details

Origin

House of Representatives

2023 General Assembly

AI Summary

  • Amends Connecticut general statutes to authorize municipalities to impose a tax on endowment funds of private institutions of higher education located within their jurisdiction.
  • Applies only to private institutions of higher education, not public institutions.
  • Grants municipalities new local taxing authority over previously untaxed endowment funds.
  • Referred to the Committee on Planning and Development for the January 2023 legislative session.

Legislative Description

An Act Authorizing Municipalities To Impose A Tax On The Endowment Funds Of Private Institutions Of Higher Education.

Last Action

Public Hearing 03/03

2/27/2023

Committee Referrals

Planning and Development1/18/2023

Full Bill Text

No bill text available