LCO No. 1504 1 of 1 General Assembly Proposed Bill No. 5854 January Session, 2021 LCO No. 1504 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. SANCHEZ, 25th Dist. AN ACT DEDICATING A PORTION OF THE REVENUE FROM CERTAIN TAXES TO LOWERING MOTOR VEHICLE MILL RATES AND INCREASING FUNDING FOR EDUCATION COST SHARING. Be it enacted by the Senate and House of Representatives in General Assembly convened: That the general statutes be amended to dedicate a portion of the 1 revenue generated from the imposition of a new tax or an increase in the 2 rate of an existing tax to (1) provide grants to municipalities to lower 3 their mill rates for motor vehicles, particularly those municipalities with 4 a mill rate of thirty or higher, and (2) increase the amounts allocated to 5 education cost sharing, particularly for alliance school districts and 6 school districts located in low-income communities. 7 Statement of Purpose: To dedicate a portion of the revenue generated from the imposition of a new tax or an increase in the rate of an existing tax to lowering motor vehicle mill rates and increasing funding for education cost sharing.