Connecticut 2025 Regular Session

Connecticut Senate Bill SB00737 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2
3	3	LCO No. 1654 1 of 2
4	4
5	5	General Assembly Proposed Bill No. 737
6	6	January Session, 2025
7	7	LCO No. 1654
8	8
9	9
10	10	Referred to Committee on FINANCE, REVENUE AND
11	11	BONDING
12	12
13	13
14	14	Introduced by:
15	15	SEN. HARDING, 30
16	16	th Dist.
17	17	SEN. MARTIN, 31
18	18	st Dist.
19	19	SEN. SAMPSON, 16
20	20	th Dist.
21	21	SEN. CICARELLA, 34
22	22	th Dist.
23	23	SEN. SOMERS, 18
24	24	th Dist.
25	25
26	26	SEN. HWANG, 28
27	27	th Dist.
28	28	SEN. BERTHEL, 32
29	29	nd Dist.
30	30	SEN. FAZIO, 36
31	31	th Dist.
32	32	SEN. GORDON, 35
33	33	th Dist.
34	34	SEN. KISSEL, 7
35	35	th Dist.
36	36
37	37
38	38
39	39
40	40	AN ACT CONCERNING VARIOUS INITIATIVES TO REDUCE THE
41	41	COST OF LIVING IN THE STATE AND IMPLEMENT OTHER
42	42	REFORMS.
43	43	Be it enacted by the Senate and House of Representatives in General
44	44	Assembly convened:
45	45
46	46	That the general statutes be amended to: (1) Reduce the marginal 1
47	47	income tax rates and simplify the state tax code; (2) establish a property 2
48	48	tax levy cap; (3) limit occupational licensing fees to not more than one 3
49	49	hundred dollars; (4) reduce taxes, fees and other requirements on 4
50	50	businesses, including the allowance of full expensing of capital 5
51	51	expenditures; (5) extend the provisions of the fiscal guardrails under 6
52	52	subsection (bb) of section 3-20 of the general statutes; (6) lower the 7
53	53	existing cap on the state's bonded indebtedness; (7) establish a working 8
54	54	group to make recommendations for the elimination of nonessential 9
55	55	unfunded municipal mandates and to require a two-thirds majority vote 10 Proposed Bill No. 737
56	56
57	57
58	58	LCO No. 1654 2 of 2
59	59
60	60	to enact new municipal mandates; (8) specify that prevailing wage rates 11
61	61	under section 31-53 of the general statutes apply to state funds above 12
62	62	the monetary thresholds set forth in said section and not to private 13
63	63	dollars for any project and increase such thresholds for prevailing wage 14
64	64	rates to be applicable; (9) prohibit, for purposes of binding arbitration at 15
65	65	the state and municipal levels, the consideration of funds available 16
66	66	outside the spending cap; (10) eliminate payments of voluntary 17
67	67	overtime from the calculation of base salary for purposes of determining 18
68	68	state employees' retirement income; (11) require each state agency to 19
69	69	review its regulatory and licensure requirements for small businesses 20
70	70	and make recommendations to the appropriate legislative committee of 21
71	71	legislative changes to streamline procedures and reduce costs; (12) 22
72	72	require The University of Connecticut to review and amend its student 23
73	73	acceptance policies to increase the percentage of incoming freshman 24
74	74	accepted at the Storrs campus that are Connecticut residents; (13) 25
75	75	eliminate the provision of state benefits to undocumented immigrants; 26
76	76	and (14) convene a working group on tort reform. 27
77	77	Statement of Purpose:
78	78	To reduce the cost of living in the state and implement other reforms.