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CT HB07176
Bill
Status
3/6/2025
Primary Sponsor
Finance, Revenue and Bonding Committee
Click for details
AI Summary
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Raises the threshold for the higher 7.75% sales tax rate on motor vehicles from $50,000 to $75,000, effective July 1, 2025
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Dedicates 50% of revenue from the 1% meals tax to the Tourism Fund, beginning with calendar quarters ending on or after September 30, 2025
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Extends the sales and use tax exemption for aircraft industry joint ventures formed before January 1, 1986 from 40 consecutive years to 50 consecutive years
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Creates a new sales and use tax exemption for ambulance-type motor vehicles used exclusively to transport medically incapacitated individuals (excluding vehicles used for paid transport) and licensed ambulances
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Increases the dues tax exemption threshold for social, athletic, or sporting clubs from $100 to $250 for annual dues and initiation fees
Legislative Description
An Act Concerning Sales And Use Taxes Related To Certain Vehicles And Aircraft Industry Joint Ventures, The Dedication Of A Portion Of The Meals Tax Revenue And The Dues Tax Threshold.
Last Action
Public Hearing 03/14
3/7/2025