General Assembly Proposed Bill No. 62
January Session, 2011 LCO No. 409
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. MEYER, 12th Dist.
General Assembly
Proposed Bill No. 62
January Session, 2011
LCO No. 409
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. MEYER, 12th Dist.
AN ACT CONCERNING A REVENUE ACCOUNTABILITY COMMISSION.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to establish a revenue accountability commission to assess the state's revenue structure on the basis of adequacy, equity, balance, simplicity, economic competitiveness, effectiveness and efficiency, and to make recommendations for improvements. Such commission shall (1) have adequate time to study and report on the revenue structure, (2) receive any necessary staffing from state agencies with relevant expertise, (3) have specifically-described core tasks, including evaluation of tax incentives, tax compliance, interstate tax cooperation, successes and failures in obtaining federal funding, and property tax and other sources of municipal funding, and (4) have a clearly-defined and appropriate degree of access to individually-identifiable tax return data.
Statement of Purpose:
To establish a revenue accountability commission comprised of state agencies and persons with a wide variety of backgrounds and knowledge, to conduct a thorough review of the revenue streams upon which the state's budget depends and to make appropriate recommendations for improvements.