LCO No. 2297 1 of 1 General Assembly Proposed Bill No. 6457 January Session, 2019 LCO No. 2297 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. PETIT, 22nd Dist. AN ACT REDUCING THE LUXURY TAX RATE. Be it enacted by the Senate and House of Representatives in General Assembly convened: That chapter 219 of the general statutes be amended to reduce the 1 rate of the "luxury tax" to the prior rate of seven per cent. 2 Statement of Purpose: To reduce the rate of the "luxury tax" to seven per cent.