Connecticut 2025 Regular Session

Connecticut Senate Bill SB01262 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1
2	2
3		-	LCO 3627 1 of 12
	3	+	LCO No. 3627 1 of 12
4	4
5	5		General Assembly Raised Bill No. 1262
6	6		January Session, 2025
7	7		LCO No. 3627
8	8
9	9
10	10		Referred to Committee on HOUSING
11	11
12	12
13	13		Introduced by:
14	14		(HSG)
	15	+
15	16
16	17
17	18
18	19		AN ACT REDUCING THE SALES AND USE TAXES FOR CERTAIN
19	20		GOODS USED IN NEW HOUSING CONSTRUCTION.
20	21		Be it enacted by the Senate and House of Representatives in General
21	22		Assembly convened:
22	23
23	24		Section 1. Subdivision (1) of section 12-408 of the general statutes is 1
24	25		repealed and the following is substituted in lieu thereof (Effective July 1, 2
25	26		2025, and applicable to sales occurring on or after July 1, 2025): 3
26	27		(1) (A) For the privilege of making any sales, as defined in 4
27	28		subdivision (2) of subsection (a) of section 12-407, at retail, in this state 5
28	29		for a consideration, a tax is hereby imposed on all retailers at the rate of 6
29	30		six and thirty-five-hundredths per cent of the gross receipts of any 7
30	31		retailer from the sale of all tangible personal property sold at retail or 8
31	32		from the rendering of any services constituting a sale in accordance with 9
32	33		subdivision (2) of subsection (a) of section 12-407, except, in lieu of said 10
33	34		rate, the rates provided in subparagraphs (B) to [(I)] (J), inclusive, of this 11
34	35		subdivision; 12
35	36		(B) (i) At a rate of fifteen per cent with respect to each transfer of 13
36	37		occupancy, from the total amount of rent received by a hotel or lodging 14
37		-	house for the first period not exceeding thirty consecutive calendar 15 Raised Bill No. 1262
	38	+	house for the first period not exceeding thirty consecutive calendar 15
	39	+	Raised Bill No. 1262
38	40
39	41
40		-	LCO 3627 2 of 12
	42	+
	43	+	LCO No. 3627 2 of 12
41	44
42	45		days; 16
43	46		(ii) At a rate of eleven per cent with respect to each transfer of 17
44	47		occupancy, from the total amount of rent received by a bed and 18
45	48		breakfast establishment for the first period not exceeding thirty 19
46	49		consecutive calendar days; 20
47	50		(C) With respect to the sale of a motor vehicle to any individual who 21
48	51		is a member of the armed forces of the United States and is on full-time 22
49	52		active duty in Connecticut and who is considered, under 50 App USC 23
50	53		574, a resident of another state, or to any such individual and the spouse 24
51	54		thereof, at a rate of four and one-half per cent of the gross receipts of any 25
52	55		retailer from such sales, provided such retailer requires and maintains a 26
53	56		declaration by such individual, prescribed as to form by the 27
54	57		commissioner and bearing notice to the effect that false statements made 28
55	58		in such declaration are punishable, or other evidence, satisfactory to the 29
56	59		commissioner, concerning the purchaser's state of residence under 50 30
57	60		App USC 574; 31
58	61		(D) (i) With respect to the sales of computer and data processing 32
59	62		services occurring on or after July 1, 2001, at the rate of one per cent, and 33
60	63		(ii) with respect to sales of Internet access services, on and after July 1, 34
61	64		2001, such services shall be exempt from such tax; 35
62	65		(E) (i) With respect to the sales of labor that is otherwise taxable under 36
63	66		subparagraph (C) or (G) of subdivision (2) of subsection (a) of section 37
64	67		12-407 on existing vessels and repair or maintenance services on vessels 38
65	68		occurring on and after July 1, 1999, such services shall be exempt from 39
66	69		such tax; 40
67	70		(ii) With respect to the sale of a vessel, a motor for a vessel or a trailer 41
68	71		used for transporting a vessel, at the rate of two and ninety-nine-42
69	72		hundredths per cent, except that the sale of a vessel shall be exempt from 43
70	73		such tax if such vessel is docked in this state for sixty or fewer days in a 44
71	74		calendar year; 45
72		-	~~(iii) With respect to the sale of dyed diesel fuel, as defined in 46~~ Raised Bill No. 1262
	75	+	Raised Bill No. 1262
73	76
74	77
75		-	LCO 3627 3 of 12
76	78
	79	+	LCO No. 3627 3 of 12
	80	+
	81	+	(iii) With respect to the sale of dyed diesel fuel, as defined in 46
77	82		subsection (d) of section 12-487, sold by a marine fuel dock exclusively 47
78	83		for marine purposes, at the rate of two and ninety-nine-hundredths per 48
79	84		cent; 49
80	85		(F) With respect to patient care services for which payment is 50
81	86		received by the hospital on or after July 1, 1999, and prior to July 1, 2001, 51
82	87		at the rate of five and three-fourths per cent and on and after July 1, 2001, 52
83	88		such services shall be exempt from such tax; 53
84	89		(G) With respect to the rental or leasing of a passenger motor vehicle 54
85	90		for a period of thirty consecutive calendar days or less, at a rate of nine 55
86	91		and thirty-five-hundredths per cent; 56
87	92		(H) With respect to the sale of (i) a motor vehicle for a sales price 57
88	93		exceeding fifty thousand dollars, at a rate of seven and three-fourths per 58
89	94		cent on the entire sales price, (ii) jewelry, whether real or imitation, for 59
90	95		a sales price exceeding five thousand dollars, at a rate of seven and 60
91	96		three-fourths per cent on the entire sales price, and (iii) an article of 61
92	97		clothing or footwear intended to be worn on or about the human body, 62
93	98		a handbag, luggage, umbrella, wallet or watch for a sales price 63
94	99		exceeding one thousand dollars, at a rate of seven and three-fourths per 64
95	100		cent on the entire sales price. For purposes of this subparagraph, "motor 65
96	101		vehicle" has the meaning provided in section 14-1, but does not include 66
97	102		a motor vehicle subject to the provisions of subparagraph (C) of this 67
98	103		subdivision, a motor vehicle having a gross vehicle weight rating over 68
99	104		twelve thousand five hundred pounds, or a motor vehicle having a 69
100	105		gross vehicle weight rating of twelve thousand five hundred pounds or 70
101	106		less that is not used for private passenger purposes, but is designed or 71
102	107		used to transport merchandise, freight or persons in connection with 72
103	108		any business enterprise and issued a commercial registration or more 73
104	109		specific type of registration by the Department of Motor Vehicles; 74
105	110		(I) With respect to the sale of meals, as defined in subdivision (13) of 75
106	111		section 12-412, sold by an eating establishment, caterer or grocery store; 76
107		-	and spirituous, malt or vinous liquors, soft drinks, sodas or beverages 77
108		-	such as are ordinarily dispensed at bars and soda fountains, or in 78 Raised Bill No. 1262
	112	+	Raised Bill No. 1262
109	113
110	114
111		-	LCO 3627 4 of 12
112	115
	116	+	LCO No. 3627 4 of 12
	117	+
	118	+	and spirituous, malt or vinous liquors, soft drinks, sodas or beverages 77
	119	+	such as are ordinarily dispensed at bars and soda fountains, or in 78
113	120		connection therewith; in addition to the tax imposed under 79
114	121		subparagraph (A) of this subdivision, at the rate of one per cent; 80
115	122		(J) With respect to the sale of tangible personal property purchased 81
116	123		for the construction of a new residential development project, at the rate 82
117	124		of three per cent, provided such project contains the lesser of twenty per 83
118	125		cent of all dwelling units or fifty dwelling units of affordable housing, 84
119	126		as defined in section 8-39a, except that the provisions of this 85
120	127		subparagraph shall not apply to a project that qualifies for an exemption 86
121	128		under section 12-412; 87
122	129		[(J)] (K) The rate of tax imposed by this chapter shall be applicable to 88
123	130		all retail sales upon the effective date of such rate, except that a new rate 89
124	131		that represents an increase in the rate applicable to the sale shall not 90
125	132		apply to any sales transaction wherein a binding sales contract without 91
126	133		an escalator clause has been entered into prior to the effective date of the 92
127	134		new rate and delivery is made within ninety days after the effective date 93
128	135		of the new rate. For the purposes of payment of the tax imposed under 94
129	136		this section, any retailer of services taxable under subdivision (37) of 95
130	137		subsection (a) of section 12-407, who computes taxable income, for 96
131	138		purposes of taxation under the Internal Revenue Code of 1986, or any 97
132	139		subsequent corresponding internal revenue code of the United States, 98
133	140		as amended from time to time, on an accounting basis that recognizes 99
134	141		only cash or other valuable consideration actually received as income 100
135	142		and who is liable for such tax only due to the rendering of such services 101
136	143		may make payments related to such tax for the period during which 102
137	144		such income is received, without penalty or interest, without regard to 103
138	145		when such service is rendered; 104
139	146		[(K)] (L) (i) For calendar quarters ending on or after September 30, 105
140	147		2019, the commissioner shall deposit into the regional planning 106
141	148		incentive account, established pursuant to section 4-66k, six and seven-107
142	149		tenths per cent of the amounts received by the state from the tax 108
	150	+	Raised Bill No. 1262
	151	+
	152	+
	153	+
	154	+	LCO No. 3627 5 of 12
	155	+
143	156		imposed under subparagraph (B) of this subdivision and ten and seven-109
144	157		tenths per cent of the amounts received by the state from the tax 110
145		-	imposed under subparagraph (G) of this subdivision; 111 Raised Bill No. 1262
146		-
147		-
148		-	LCO 3627 5 of 12
149		-
	158	+	imposed under subparagraph (G) of this subdivision; 111
150	159		(ii) For calendar quarters ending on or after September 30, 2018, the 112
151	160		commissioner shall deposit into the Tourism Fund established under 113
152	161		section 10-395b ten per cent of the amounts received by the state from 114
153	162		the tax imposed under subparagraph (B) of this subdivision; 115
154	163		[(L)] (M) (i) For calendar months commencing on or after July 1, 2021, 116
155	164		but prior to July 1, 2023, the commissioner shall deposit into the 117
156	165		municipal revenue sharing account established pursuant to section 4-66l 118
157	166		seven and nine-tenths per cent of the amounts received by the state from 119
158	167		the tax imposed under subparagraph (A) of this subdivision, including 120
159	168		such amounts received on or after July 1, 2023, attributable to the fiscal 121
160	169		year ending June 30, 2023; and 122
161	170		(ii) For calendar months commencing on or after July 1, 2023, the 123
162	171		commissioner shall deposit into the Municipal Revenue Sharing Fund 124
163	172		established pursuant to section 4-66p seven and nine-tenths per cent of 125
164	173		the amounts received by the state from the tax imposed under 126
165	174		subparagraph (A) of this subdivision; and 127
166	175		[(M)] (N) (i) For calendar months commencing on or after July 1, 2017, 128
167	176		the commissioner shall deposit into the Special Transportation Fund 129
168	177		established under section 13b-68 seven and nine-tenths per cent of the 130
169	178		amounts received by the state from the tax imposed under 131
170	179		subparagraph (A) of this subdivision; 132
171	180		(ii) For calendar months commencing on or after July 1, 2018, but 133
172	181		prior to July 1, 2019, the commissioner shall deposit into the Special 134
173	182		Transportation Fund established under section 13b-68 eight per cent of 135
174	183		the amounts received by the state from the tax imposed under 136
175	184		subparagraphs (A) and (H) of this subdivision on the sale of a motor 137
176	185		vehicle; 138
	186	+	Raised Bill No. 1262
	187	+
	188	+
	189	+
	190	+	LCO No. 3627 6 of 12
	191	+
177	192		(iii) For calendar months commencing on or after July 1, 2019, but 139
178	193		prior to July 1, 2020, the commissioner shall deposit into the Special 140
179	194		Transportation Fund established under section 13b-68 seventeen per 141
180	195		cent of the amounts received by the state from the tax imposed under 142
181		-	subparagraphs (A) and (H) of this subdivision on the sale of a motor 143 Raised Bill No. 1262
182		-
183		-
184		-	LCO 3627 6 of 12
185		-
	196	+	subparagraphs (A) and (H) of this subdivision on the sale of a motor 143
186	197		vehicle; 144
187	198		(iv) For calendar months commencing on or after July 1, 2020, but 145
188	199		prior to July 1, 2021, the commissioner shall deposit into the Special 146
189	200		Transportation Fund established under section 13b-68 twenty-five per 147
190	201		cent of the amounts received by the state from the tax imposed under 148
191	202		subparagraphs (A) and (H) of this subdivision on the sale of a motor 149
192	203		vehicle; 150
193	204		(v) For calendar months commencing on or after July 1, 2021, but 151
194	205		prior to July 1, 2022, the commissioner shall deposit into the Special 152
195	206		Transportation Fund established under section 13b-68 seventy-five per 153
196	207		cent of the amounts received by the state from the tax imposed under 154
197	208		subparagraphs (A) and (H) of this subdivision on the sale of a motor 155
198	209		vehicle; and 156
199	210		(vi) For calendar months commencing on or after July 1, 2022, the 157
200	211		commissioner shall deposit into the Special Transportation Fund 158
201	212		established under section 13b-68 one hundred per cent of the amounts 159
202	213		received by the state from the tax imposed under subparagraphs (A) 160
203	214		and (H) of this subdivision on the sale of a motor vehicle. 161
204	215		Sec. 2. Subdivision (1) of section 12-411 of the general statutes is 162
205	216		repealed and the following is substituted in lieu thereof (Effective July 1, 163
206	217		2025, and applicable to sales occurring on or after July 1, 2025): 164
207	218		(1) (A) An excise tax is hereby imposed on the storage, acceptance, 165
208	219		consumption or any other use in this state of tangible personal property 166
209	220		purchased from any retailer for storage, acceptance, consumption or any 167
210	221		other use in this state, the acceptance or receipt of any services 168
211	222		constituting a sale in accordance with subdivision (2) of subsection (a) 169
	223	+	Raised Bill No. 1262
	224	+
	225	+
	226	+
	227	+	LCO No. 3627 7 of 12
	228	+
212	229		of section 12-407, purchased from any retailer for consumption or use in 170
213	230		this state, or the storage, acceptance, consumption or any other use in 171
214	231		this state of tangible personal property which has been manufactured, 172
215	232		fabricated, assembled or processed from materials by a person, either 173
216	233		within or without this state, for storage, acceptance, consumption or any 174
217		-	other use by such person in this state, to be measured by the sales price 175 Raised Bill No. 1262
218		-
219		-
220		-	LCO 3627 7 of 12
221		-
	234	+	other use by such person in this state, to be measured by the sales price 175
222	235		of materials, at the rate of six and thirty-five-hundredths per cent of the 176
223	236		sales price of such property or services, except, in lieu of said rate: 177
224	237		(B) (i) At a rate of fifteen per cent of the rent paid to a hotel or lodging 178
225	238		house for the first period not exceeding thirty consecutive calendar 179
226	239		days; 180
227	240		(ii) At a rate of eleven per cent of the rent paid to a bed and breakfast 181
228	241		establishment for the first period not exceeding thirty consecutive 182
229	242		calendar days; 183
230	243		(C) With respect to the storage, acceptance, consumption or use in 184
231	244		this state of a motor vehicle purchased from any retailer for storage, 185
232	245		acceptance, consumption or use in this state by any individual who is a 186
233	246		member of the armed forces of the United States and is on full-time 187
234	247		active duty in Connecticut and who is considered, under 50 App USC 188
235	248		574, a resident of another state, or to any such individual and the spouse 189
236	249		of such individual at a rate of four and one-half per cent of the sales price 190
237	250		of such vehicle, provided such retailer requires and maintains a 191
238	251		declaration by such individual, prescribed as to form by the 192
239	252		commissioner and bearing notice to the effect that false statements made 193
240	253		in such declaration are punishable, or other evidence, satisfactory to the 194
241	254		commissioner, concerning the purchaser's state of residence under 50 195
242	255		App USC 574; 196
243	256		(D) (i) With respect to the acceptance or receipt in this state of labor 197
244	257		that is otherwise taxable under subparagraph (C) or (G) of subdivision 198
245	258		(2) of subsection (a) of section 12-407 on existing vessels and repair or 199
246	259		maintenance services on vessels occurring on and after July 1, 1999, such 200
	260	+	Raised Bill No. 1262
	261	+
	262	+
	263	+
	264	+	LCO No. 3627 8 of 12
	265	+
247	266		services shall be exempt from such tax; 201
248	267		(ii) (I) With respect to the storage, acceptance or other use of a vessel 202
249	268		in this state, at the rate of two and ninety-nine-hundredths per cent, 203
250	269		except that such storage, acceptance or other use shall be exempt from 204
251	270		such tax if such vessel is docked in this state for sixty or fewer days in a 205
252		-	calendar year; 206 Raised Bill No. 1262
253		-
254		-
255		-	LCO 3627 8 of 12
256		-
	271	+	calendar year; 206
257	272		(II) With respect to the storage, acceptance or other use of a motor for 207
258	273		a vessel or a trailer used for transporting a vessel in this state, at the rate 208
259	274		of two and ninety-nine-hundredths per cent; 209
260	275		(III) With respect to the storage, acceptance or other use of dyed diesel 210
261	276		fuel, as defined in subsection (d) of section 12-487, exclusively for 211
262	277		marine purposes, at the rate of two and ninety-nine-hundredths per 212
263	278		cent; 213
264	279		(E) (i) With respect to the acceptance or receipt in this state of 214
265	280		computer and data processing services purchased from any retailer for 215
266	281		consumption or use in this state occurring on or after July 1, 2001, at the 216
267	282		rate of one per cent of such services, and (ii) with respect to the 217
268	283		acceptance or receipt in this state of Internet access services, on and after 218
269	284		July 1, 2001, such services shall be exempt from such tax; 219
270	285		(F) With respect to the acceptance or receipt in this state of patient 220
271	286		care services purchased from any retailer for consumption or use in this 221
272	287		state for which payment is received by the hospital on or after July 1, 222
273	288		1999, and prior to July 1, 2001, at the rate of five and three-fourths per 223
274	289		cent and on and after July 1, 2001, such services shall be exempt from 224
275	290		such tax; 225
276	291		(G) With respect to the rental or leasing of a passenger motor vehicle 226
277	292		for a period of thirty consecutive calendar days or less, at a rate of nine 227
278	293		and thirty-five-hundredths per cent; 228
279	294		(H) With respect to the acceptance or receipt in this state of (i) a motor 229
	295	+	Raised Bill No. 1262
	296	+
	297	+
	298	+
	299	+	LCO No. 3627 9 of 12
	300	+
280	301		vehicle for a sales price exceeding fifty thousand dollars, at a rate of 230
281	302		seven and three-fourths per cent on the entire sales price, (ii) jewelry, 231
282	303		whether real or imitation, for a sales price exceeding five thousand 232
283	304		dollars, at a rate of seven and three-fourths per cent on the entire sales 233
284	305		price, and (iii) an article of clothing or footwear intended to be worn on 234
285	306		or about the human body, a handbag, luggage, umbrella, wallet or 235
286	307		watch for a sales price exceeding one thousand dollars, at a rate of seven 236
287	308		and three-fourths per cent on the entire sales price. For purposes of this 237
288		-	subparagraph, "motor vehicle" has the meaning provided in section 14-238 Raised Bill No. 1262
289		-
290		-
291		-	LCO 3627 9 of 12
292		-
	309	+	subparagraph, "motor vehicle" has the meaning provided in section 14-238
293	310		1, but does not include a motor vehicle subject to the provisions of 239
294	311		subparagraph (C) of this subdivision, a motor vehicle having a gross 240
295	312		vehicle weight rating over twelve thousand five hundred pounds, or a 241
296	313		motor vehicle having a gross vehicle weight rating of twelve thousand 242
297	314		five hundred pounds or less that is not used for private passenger 243
298	315		purposes, but is designed or used to transport merchandise, freight or 244
299	316		persons in connection with any business enterprise and issued a 245
300	317		commercial registration or more specific type of registration by the 246
301	318		Department of Motor Vehicles; 247
302	319		(I) With respect to the acceptance or receipt in this state of meals, as 248
303	320		defined in subdivision (13) of section 12-412, sold by an eating 249
304	321		establishment, caterer or grocery store; and spirituous, malt or vinous 250
305	322		liquors, soft drinks, sodas or beverages such as are ordinarily dispensed 251
306	323		at bars and soda fountains, or in connection therewith; in addition to the 252
307	324		tax imposed under subparagraph (A) of this subdivision, at the rate of 253
308	325		one per cent; 254
309	326		(J) With respect to the storage, use or other consumption of tangible 255
310	327		personal property for the construction of a new residential development 256
311		-	project, at the rate of three per cent, provided such project contains the 257
	328	+	project at the rate of three per cent, provided such project contains the 257
312	329		lesser of twenty per cent of all dwelling units or fifty dwelling units of 258
313	330		affordable housing, as defined in section 8-39a, except that the 259
314	331		provisions of this subparagraph shall not apply to a project that 260
315	332		qualified for an exemption under section 12-412; 261
	333	+	Raised Bill No. 1262
	334	+
	335	+
	336	+
	337	+	LCO No. 3627 10 of 12
	338	+
316	339		[(J)] (K) (i) For calendar quarters ending on or after September 30, 262
317	340		2019, the commissioner shall deposit into the regional planning 263
318	341		incentive account, established pursuant to section 4-66k, six and seven-264
319	342		tenths per cent of the amounts received by the state from the tax 265
320	343		imposed under subparagraph (B) of this subdivision and ten and seven-266
321	344		tenths per cent of the amounts received by the state from the tax 267
322	345		imposed under subparagraph (G) of this subdivision; 268
323	346		(ii) For calendar quarters ending on or after September 30, 2018, the 269
324		-	commissioner shall deposit into the Tourism Fund established under 270 Raised Bill No. 1262
325		-
326		-
327		-	LCO 3627 10 of 12
328		-
	347	+	commissioner shall deposit into the Tourism Fund established under 270
329	348		section 10-395b ten per cent of the amounts received by the state from 271
330	349		the tax imposed under subparagraph (B) of this subdivision; 272
331	350		[(K)] (L) (i) For calendar months commencing on or after July 1, 2021, 273
332	351		but prior to July 1, 2023, the commissioner shall deposit into the 274
333	352		municipal revenue sharing account established pursuant to section 4-66l 275
334	353		seven and nine-tenths per cent of the amounts received by the state from 276
335	354		the tax imposed under subparagraph (A) of this subdivision, including 277
336	355		such amounts received on or after July 1, 2023, attributable to the fiscal 278
337	356		year ending June 30, 2023; and 279
338	357		(ii) For calendar months commencing on or after July 1, 2023, the 280
339	358		commissioner shall deposit into the Municipal Revenue Sharing Fund 281
340	359		established pursuant to section 4-66p seven and nine-tenths per cent of 282
341	360		the amounts received by the state from the tax imposed under 283
342	361		subparagraph (A) of this subdivision; and 284
343	362		[(L)] (M) (i) For calendar months commencing on or after July 1, 2017, 285
344	363		the commissioner shall deposit into said Special Transportation Fund 286
345	364		seven and nine-tenths per cent of the amounts received by the state from 287
346	365		the tax imposed under subparagraph (A) of this subdivision; 288
347	366		(ii) For calendar months commencing on or after July 1, 2018, but 289
348	367		prior to July 1, 2019, the commissioner shall deposit into the Special 290
349	368		Transportation Fund established under section 13b-68 eight per cent of 291
350	369		the amounts received by the state from the tax imposed under 292
	370	+	Raised Bill No. 1262
	371	+
	372	+
	373	+
	374	+	LCO No. 3627 11 of 12
	375	+
351	376		subparagraphs (A) and (H) of this subdivision on the acceptance or 293
352	377		receipt in this state of a motor vehicle; 294
353	378		(iii) For calendar months commencing on or after July 1, 2019, but 295
354	379		prior to July 1, 2020, the commissioner shall deposit into the Special 296
355	380		Transportation Fund established under section 13b-68 seventeen per 297
356	381		cent of the amounts received by the state from the tax imposed under 298
357	382		subparagraphs (A) and (H) of this subdivision on the acceptance or 299
358	383		receipt in this state of a motor vehicle; 300
359		-	(iv) For calendar months commencing on or after July 1, 2020, but 301 Raised Bill No. 1262
360		-
361		-
362		-	LCO 3627 11 of 12
363		-
	384	+	(iv) For calendar months commencing on or after July 1, 2020, but 301
364	385		prior to July 1, 2021, the commissioner shall deposit into the Special 302
365	386		Transportation Fund established under section 13b-68 twenty-five per 303
366	387		cent of the amounts received by the state from the tax imposed under 304
367	388		subparagraphs (A) and (H) of this subdivision on the acceptance or 305
368	389		receipt in this state of a motor vehicle; 306
369	390		(v) For calendar months commencing on or after July 1, 2021, but 307
370	391		prior to July 1, 2022, the commissioner shall deposit into the Special 308
371	392		Transportation Fund established under section 13b-68 seventy-five per 309
372	393		cent of the amounts received by the state from the tax imposed under 310
373	394		subparagraphs (A) and (H) of this subdivision on the acceptance or 311
374	395		receipt in this state of a motor vehicle; and 312
375	396		(vi) For calendar months commencing on or after July 1, 2022, the 313
376	397		commissioner shall deposit into the Special Transportation Fund 314
377	398		established under section 13b-68 one hundred per cent of the amounts 315
378	399		received by the state from the tax imposed under subparagraphs (A) 316
379	400		and (H) of this subdivision on the acceptance or receipt in this state of a 317
380	401		motor vehicle. 318
381	402		Sec. 3. Section 4-66o of the general statutes is repealed and the 319
382	403		following is substituted in lieu thereof (Effective July 1, 2025): 320
383	404		The Secretary of the Office of Policy and Management may establish 321
384	405		receivables for the revenue anticipated pursuant to subparagraph [(K)] 322
	406	+	Raised Bill No. 1262
	407	+
	408	+
	409	+
	410	+	LCO No. 3627 12 of 12
	411	+
385	412		(L) of subdivision (1) of section 12-408, as amended by this act, and 323
386	413		section 4-66l. 324
387	414		This act shall take effect as follows and shall amend the following
388	415		sections:
389	416
390	417		Section 1 July 1, 2025, and
391	418		applicable to sales
392	419		occurring on or after July
393	420		1, 2025
394		-	12-408(1) Raised Bill No. 1262
395		-
396		-
397		-	LCO 3627 12 of 12
398		-
	421	+	12-408(1)
399	422		Sec. 2 July 1, 2025, and
400	423		applicable to sales
401	424		occurring on or after July
402	425		1, 2025
403	426		12-411(1)
404	427		Sec. 3 July 1, 2025 4-66o
405	428
406		-	HSG Joint Favorable
	429	+	Statement of Purpose:
	430	+	To reduce the sales and use taxes for certain tangible personal property
	431	+	used in new housing construction.
	432	+
	433	+	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except
	434	+	that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not
	435	+	underlined.]
407	436