| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | General Assembly Raised Bill No. 335 | |
| 2 | 2 | February Session, 2016 LCO No. 2382 | |
| 3 | 3 | *02382_______FIN* | |
| 4 | 4 | Referred to Committee on FINANCE, REVENUE AND BONDING | |
| 5 | 5 | Introduced by: | |
| 6 | 6 | (FIN) | |
| 7 | 7 | ||
| 8 | 8 | General Assembly | |
| 9 | 9 | ||
| 10 | 10 | Raised Bill No. 335 | |
| 11 | 11 | ||
| 12 | 12 | February Session, 2016 | |
| 13 | 13 | ||
| 14 | 14 | LCO No. 2382 | |
| 15 | 15 | ||
| 16 | 16 | *02382_______FIN* | |
| 17 | 17 | ||
| 18 | 18 | Referred to Committee on FINANCE, REVENUE AND BONDING | |
| 19 | 19 | ||
| 20 | 20 | Introduced by: | |
| 21 | 21 | ||
| 22 | 22 | (FIN) | |
| 23 | 23 | ||
| 24 | 24 | AN ACT CONCERNING DOUBLE TAXATION OF BUSINESS-TO-BUSINESS TRANSACTIONS. | |
| 25 | 25 | ||
| 26 | 26 | Be it enacted by the Senate and House of Representatives in General Assembly convened: | |
| 27 | 27 | ||
| 28 | 28 | Section 1. Section 12-412 of the 2016 supplement to the general statutes, as amended by section 196 of public act 14-217, is amended by adding subdivision (122) as follows (Effective October 1, 2016, and applicable to sales occurring on or after said date): | |
| 29 | 29 | ||
| 30 | 30 | (NEW) (122) Sales of, and the storage, use or other consumption of, any products purchased by a business at wholesale prices which products are then resold to a consumer or otherwise included in a taxable consumer good. | |
| 31 | 31 | ||
| 32 | 32 | ||
| 33 | 33 | ||
| 34 | 34 | ||
| 35 | 35 | This act shall take effect as follows and shall amend the following sections: | |
| 36 | 36 | Section 1 October 1, 2016, and applicable to sales occurring on or after said date 12-412 | |
| 37 | 37 | ||
| 38 | 38 | This act shall take effect as follows and shall amend the following sections: | |
| 39 | 39 | ||
| 40 | 40 | Section 1 | |
| 41 | 41 | ||
| 42 | 42 | October 1, 2016, and applicable to sales occurring on or after said date | |
| 43 | 43 | ||
| 44 | 44 | 12-412 | |
| 45 | 45 | ||
| 46 | 46 | Statement of Purpose: | |
| 47 | 47 | ||
| 48 | 48 | To eliminate the sales and use tax on goods used exclusively in a business process. | |
| 49 | 49 | ||
| 50 | 50 | [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.] |