General Assembly Proposed Bill No. 5004
February Session, 2016 LCO No. 83
*00083*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. ZUPKUS, 89th Dist.
General Assembly
Proposed Bill No. 5004
February Session, 2016
LCO No. 83
*00083*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. ZUPKUS, 89th Dist.
AN ACT CONCERNING THE DOUBLE TAXATION OF CONSUMER GOODS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to eliminate double taxation on consumer goods when businesses purchase products at wholesale prices and pay sales tax on such products which products are then subject to sales tax when resold to the consumer or otherwise included in a taxable consumer good.
Statement of Purpose:
To eliminate double taxation on consumer goods when businesses purchase products at wholesale prices and pay sales tax on such products which products are then subject to sales tax when resold to the consumer or otherwise included in a taxable consumer good.