General Assembly Proposed Bill No. 5889 January Session, 2017 LCO No. 1665 *01665* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. STANESKI, 119th Dist. General Assembly Proposed Bill No. 5889 January Session, 2017 LCO No. 1665 *01665* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. STANESKI, 119th Dist. AN ACT REDUCING THE LUXURY TAX RATE. Be it enacted by the Senate and House of Representatives in General Assembly convened: That sections 12-408 and 12-411 of the general statutes be amended to reduce the "luxury tax" to the prior rate of seven per cent. Statement of Purpose: To reduce the "luxury tax" to the prior rate of seven per cent.