Connecticut House Bill HB05625

Connecticut 2017 Regular Session

• Introduced: 1/13/17
• Refer: 1/13/17

Caption

An Act Establishing A Task Force To Identify State Taxes That Cost More To Administer Than Is Gained In Revenue.

Impact

If enacted, HB 05625 could lead to a reevaluation of various state taxes, potentially resulting in tax reforms or eliminations of taxes that do not yield sufficient revenue to justify their administrative costs. The task force would analyze which taxes could be scrapped, thus freeing up resources and possibly leading to improvements in efficiency within the tax collection system. By benchmarking taxes in terms of their administrative costs compared to revenue, the state can enhance fiscal responsibility and streamline operations.

Summary

House Bill 05625 proposes the establishment of a task force aimed at identifying state taxes that are more costly to administer than the revenue they generate. The bill recognizes that some taxes impose a significant administrative burden on the state, thus prompting the need for a thorough analysis of these specific taxes. The intent is to evaluate whether the ongoing costs of collecting certain taxes outweigh their financial benefits, helping to inform future tax policy decisions.

Contention

Notable points of contention surrounding HB 05625 may arise from differing views on which taxes should remain in place versus those proposed for elimination. Advocates of maintaining certain taxes could argue that even low-revenue taxes may serve important functions, such as funding local initiatives or supporting specific public services. This may lead to debates on the significance of 'lower-yield' taxes within the broader context of state funding and fiscal priorities. The establishment of the task force could also face scrutiny from those concerned about the implications of any recommendations made regarding tax policy.