General Assembly Proposed Bill No. 5408
January Session, 2011 LCO No. 1419
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
REP. CAFERO, 142nd Dist. REP. CANDELORA, 86th Dist. REP. KLARIDES, 114th Dist. SEN. MCKINNEY, 28th Dist. SEN. FASANO, 34th Dist.
General Assembly
Proposed Bill No. 5408
January Session, 2011
LCO No. 1419
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
REP. CAFERO, 142nd Dist.
REP. CANDELORA, 86th Dist.
REP. KLARIDES, 114th Dist.
SEN. MCKINNEY, 28th Dist.
SEN. FASANO, 34th Dist.
AN ACT CONCERNING A REPEAL OF THE SURCHARGE ON CORPORATIONS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That sections 12-214 and 12-219 of the general statutes be amended to repeal the ten per cent surcharge on companies subject to the corporation business tax.
Statement of Purpose:
To repeal the surcharge on corporations, in order to eliminate an impediment to job creation.