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General Assembly Proposed Bill No. 737
January Session, 2025
LCO No. 1654
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
SEN. HARDING, 30
th Dist.
SEN. MARTIN, 31
st Dist.
SEN. SAMPSON, 16
th Dist.
SEN. CICARELLA, 34
th Dist.
SEN. SOMERS, 18
th Dist.
SEN. HWANG, 28
th Dist.
SEN. BERTHEL, 32
nd Dist.
SEN. FAZIO, 36
th Dist.
SEN. GORDON, 35
th Dist.
SEN. KISSEL, 7
th Dist.
AN ACT CONCERNING VARIOUS INITIATIVES TO REDUCE THE
COST OF LIVING IN THE STATE AND IMPLEMENT OTHER
REFORMS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the general statutes be amended to: (1) Reduce the marginal 1
income tax rates and simplify the state tax code; (2) establish a property 2
tax levy cap; (3) limit occupational licensing fees to not more than one 3
hundred dollars; (4) reduce taxes, fees and other requirements on 4
businesses, including the allowance of full expensing of capital 5
expenditures; (5) extend the provisions of the fiscal guardrails under 6
subsection (bb) of section 3-20 of the general statutes; (6) lower the 7
existing cap on the state's bonded indebtedness; (7) establish a working 8
group to make recommendations for the elimination of nonessential 9
unfunded municipal mandates and to require a two-thirds majority vote 10 Proposed Bill No. 737
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to enact new municipal mandates; (8) specify that prevailing wage rates 11
under section 31-53 of the general statutes apply to state funds above 12
the monetary thresholds set forth in said section and not to private 13
dollars for any project and increase such thresholds for prevailing wage 14
rates to be applicable; (9) prohibit, for purposes of binding arbitration at 15
the state and municipal levels, the consideration of funds available 16
outside the spending cap; (10) eliminate payments of voluntary 17
overtime from the calculation of base salary for purposes of determining 18
state employees' retirement income; (11) require each state agency to 19
review its regulatory and licensure requirements for small businesses 20
and make recommendations to the appropriate legislative committee of 21
legislative changes to streamline procedures and reduce costs; (12) 22
require The University of Connecticut to review and amend its student 23
acceptance policies to increase the percentage of incoming freshman 24
accepted at the Storrs campus that are Connecticut residents; (13) 25
eliminate the provision of state benefits to undocumented immigrants; 26
and (14) convene a working group on tort reform. 27
Statement of Purpose:
To reduce the cost of living in the state and implement other reforms.