CT SB00448

Establishes a working group to examine existing state tax expenditures for the purpose of simplifying the state tax code and identifying redundant, obsolete, duplicative, or inconsistent expenditures.

Working group membership includes the chairpersons and ranking members of the Finance, Revenue and Bonding Committee, the Governor, two representatives from the Office of Policy and Management, the Commissioner of Revenue Services, and the Commissioner of Economic and Community Development.

Chairpersons of the Finance, Revenue and Bonding Committee shall serve as working group chairpersons and schedule the first meeting no later than 60 days after the act's effective date.

Working group must submit a report to the Finance, Revenue and Bonding Committee by January 1, 2025, including findings and recommendations for statutory revisions to simplify the tax code.

Working group shall terminate on the date it submits its report or January 1, 2025, whichever is later.