Connecticut Senate Bill SB00385

Connecticut 2013 Regular Session

• Introduced: 1/23/13
• Refer: 1/23/13

Caption

An Act Excluding Start-up Farmers Who Are Veterans From The Sales And Use Tax.

Impact

The proposed legislation would significantly impact state laws regarding taxation and support for agricultural initiatives. By exempting start-up veteran farmers from sales and use tax irrespective of their income status, the bill aims to lower the financial barriers that often deter veterans from entering the farming industry. As a result, it could stimulate growth in local agricultural economies and promote entrepreneurship among veterans transitioning from military service to civilian life.

Summary

SB00385, titled 'An Act Excluding Start-up Farmers Who Are Veterans From The Sales And Use Tax', aims to provide financial relief to veterans who are new to farming. By amending section 12-412 of the general statutes, the bill will allow eligible veterans to receive a sales and use tax exemption on personal property used in agricultural production. This initiative is designed to encourage veterans to pursue farming, a sector that can greatly benefit from their dedication and skills.

Contention

While the bill's intent is generally seen as positive, as it addresses the needs of veterans and encourages agricultural production, some may raise concerns about the implications for state revenue and whether this exemption might set a precedent for similar demands from other sectors. The debates may highlight a balance between providing necessary support for veterans and the potential fiscal impact on the state's tax income.