Connecticut 2013 Regular Session

Connecticut Senate Bill SB00212

Introduced
1/22/13  
Introduced
1/22/13  
Refer
1/22/13  

Caption

An Act Requiring Decreases In Unfunded Mandates Upon Passage Of Any State Tax Increase.

Impact

Should this bill become law, it would effectively alter how tax increases are managed at the state level, promoting a balanced approach that considers the local taxation environment. The bill emphasizes accountability and fiscal responsibility, prioritizing the need to avoid overwhelming residents with financial obligations related to both state taxes and unfunded mandates. Proponents of the bill argue that it holds the government accountable for ensuring that any new tax increases do not disproportionately impact taxpayers without corresponding relief mechanisms.

Summary

SB00212, introduced by Senator Kelly, proposes that any increase in the state tax burden on individuals must be paired with a corresponding decrease or elimination of an unfunded state mandate of the same amount. This legislation aims to ensure that tax adjustments do not place additional financial burdens on individuals by requiring offsets through reductions in local property taxes. By linking tax increases to a decrease in unfunded mandates, the bill seeks to create a framework for more sustainable fiscal policy in the state.

Contention

Notably, there may be points of contention regarding how these unfunded mandates are defined and assessed. Opponents might argue that the criteria for reducing mandates can become complex and convoluted, potentially leading to disputes on what qualifies as an acceptable offset to a tax increase. Critics may also express concern that tying tax increases to the elimination of mandates could hinder necessary funding for certain state services that impact local communities, particularly in sectors like education or public health.

Companion Bills

No companion bills found.

Previously Filed As

CT HB05156

An Act Requiring Notices Of Rent Increases.

CT SB00419

An Act Limiting Property Tax Increases.

CT SB00038

An Act Increasing The Amount Of The Personal Income Tax Deduction For Contributions To State-established 529 Qualified State Tuition Programs.

CT SB00028

An Act Concerning The Qualifying Income Thresholds For The Social Security Benefits Deduction From The Personal Income Tax.

CT HB05104

An Act Increasing The Amount Of The Property Tax Credit For Certain Taxpayers.

CT SB00450

An Act Phasing In The Exemption Of Motor Vehicles From Property Tax And Increases In The Uniform Property Assessment Rate.

CT SB00101

An Act Requiring The Indexing Of Income Thresholds For The Personal Income Tax.

CT HB05113

An Act Increasing The Highest Marginal Rate Of The Personal Income Tax And Establishing A Capital Gains Surcharge To Provide Funding For Certain Child-related, Municipal And Higher Education Initiatives.

CT SB00023

An Act Exempting Certain Articles Of Children's Clothing And Footwear And Personal Protective Equipment From The Sales And Use Taxes.

CT SB00024

An Act Establishing A Tax Credit For Premium Payments For Certain Long-term Care Insurance Policies.

Similar Bills

No similar bills found.