LCO No. 3302 1 of 1
General Assembly Proposed Bill No. 475
January Session, 2019
LCO No. 3302
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
SEN. LOONEY, 11th Dist.
AN ACT INCREASING THE SALES TAX RATE AND DEDICATING THE
ADDITIONAL REVENUE TO MUNICIPALITIES.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the general statutes be amended to increase the sales tax rate 1
by one-half per cent, with the revenue generated by the additional one-2
half per cent to be returned to the municipalities in which the sales 3
take place, except that for sales occurring at retail establishments 4
located in large regional shopping malls, the revenue generated by the 5
additional one-half per cent that is attributable to such sales shall be 6
distributed as follows: (1) Sixty per cent distributed to the municipality 7
or municipalities in which the shopping mall is located, and (2) forty 8
per cent distributed on a per capita basis to the municipality or 9
municipalities contiguous to the municipality or municipalities in 10
which the shopping mall is located. 11
Statement of Purpose:
To increase municipal revenue.