LCO No. 2876 1 of 2
General Assembly Raised Bill No. 449
February Session, 2024
LCO No. 2876
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
(FIN)
AN ACT CONCERNING A STUDY OF STATE TAXATION.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. (Effective from passage) The Commissioners of Economic and 1
Community Development and Revenue Services shall study certain 2
taxes imposed by this state, such as the personal income tax, sales and 3
use taxes, the corporation business tax and the affected business entity 4
tax, in comparison with surrounding states to identify programmatic 5
and legislative changes that may be made to develop the economic 6
competitiveness of the state. The commissioners may consult with any 7
individuals, businesses and state agencies the commissioners deem 8
necessary or appropriate to accomplish the purposes of the study. Not 9
later than January 1, 2025, the commissioners shall submit a report, in 10
accordance with the provisions of section 11-4a of the general statutes, 11
on the commissioners' findings and recommendations to the joint 12
standing committees of the General Assembly having cognizance of 13
matters relating to commerce and finance, revenue and bonding. 14 Raised Bill No. 449
LCO No. 2876 2 of 2
This act shall take effect as follows and shall amend the following
sections:
Section 1 from passage New section
Statement of Purpose:
To require the Commissioners of Economic and Community
Development and Revenue Services to study certain taxes imposed by
this state.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except
that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not
underlined.]