General Assembly Raised Bill No. 5470 February Session, 2014 LCO No. 2000 *_____HB05470BA_FIN032014____* Referred to Committee on BANKS Introduced by: (BA) General Assembly Raised Bill No. 5470 February Session, 2014 LCO No. 2000 *_____HB05470BA_FIN032014____* Referred to Committee on BANKS Introduced by: (BA) AN ACT REQUIRING A SALES AND USE TAX EXEMPTION FOR SALES TO CONNECTICUT CREDIT UNIONS. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. Section 12-412 of the 2014 supplement to the general statutes is amended by adding subdivision (120) as follows (Effective July 1, 2014, and applicable to sales occurring on or after said date): (NEW) (120) Sales of tangible personal property or services to, and the storage, use or other consumption of tangible personal property or services by, a Connecticut credit union, as defined in section 36a-2. This act shall take effect as follows and shall amend the following sections: Section 1 July 1, 2014, and applicable to sales occurring on or after said date 12-412 This act shall take effect as follows and shall amend the following sections: Section 1 July 1, 2014, and applicable to sales occurring on or after said date 12-412 BA Joint Favorable C/R FIN BA Joint Favorable C/R FIN