OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sSB-1236
AN ACT CONCERNING THE AMOUNTS OF UNCLAIMED
BEVERAGE CONTAINER DEPOSITS TO BE PAID FOR DEPOSIT IN
THE GENERAL FUND.
Primary Analyst: CW 5/3/23
Contributing Analyst(s):
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 24 $ FY 25 $
Revenue Serv., Dept. GF - Revenue
Loss
11.7 million 3.2 million
Revenue Serv., Dept. GF - Cost Up to
75,000
Up to
75,000
Note: GF=General Fund
Municipal Impact: None
Explanation
The bill, which reduces the amount of unclaimed deposits remitted
to the General Fund under the state’s bottle bill, results in (1) a revenue
loss of $11.7 million in FY 24 and $3.2 million in FY 25, and (2) an annual
cost to the Department of Revenue Services of up to $75,000 beginning
in FY 24 associated with programming updates to the CTax tax
administration system and myconneCT online portal, and for annual
modifications to bottle deposit forms.
The Out Years
The bill results in revenue losses of up to $10 million in FY 26 and up
to $19.4 million in FY 27 and annually thereafter.
1
The annualized
ongoing cost impact identified above would continue into the future
1
The actual revenue loss is dependent upon the statewide redemption rate achieved
annually beginning with FY 25 (which would determine the remittance for FY 26). 2023SB-01236-R000706-FN.DOCX Page 2 of 2
subject to inflation.