Taxes, Taxes, Taxes: Finance Committee Public Hearing this Friday

Posted on March 13, 2019 by admin


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This Friday, March 15, the Finance, Revenue, and Bonding Committee is holding a public hearing on three important bills that would, if passed, significantly affect taxes in Connecticut. If you’re concerned about the effect of tax changes on the state’s economy and job market, or on your own finances, you may want to submit testimony to the Committee.

Here are the tax bills on the hearing’s agenda:

  • S.B. 431: An Act Concerning Property Tax Reform. This bill would create a statewide one mill tax on real property. It would also prevent municipalities from collecting property taxes on motor vehicles, and instead create a statewide motor vehicle tax between 15 and 19 mills.

 

  • S.B. 877: An Act Concerning Revenue Items to Implement the Governor’s Budget. This bill is the revenue package for Governor Lamont’s 2020-21 budget proposal. New taxes comprise a large part of the policy changes recommended in the proposal, and most of those suggested are in this bill. They include new taxes on: legal, accounting, real estate, interior design, dry cleaning, hairdressing, computer and data processing, and veterinary services; boat storage, non-prescription drugs, newspapers and magazines, parking, residential property renovation and repairs, and motor vehicle trade-ins; and plastic bags, sugary beverages, and e-cigarette liquids.

 

  • H.B. 6031: An Act Phasing Out the Estate Tax. This bill would completely phase out Connecticut’s estate tax over a five-year period.

If you’d like to submit written testimony on either or both bills:

  • Format your testimony in either a Word document or a pdf.
  • Include the bill number(s), your name, and your town.
  • Attach the document to an email.
  • Put the bill number(s) in the Subject Line of the email.
  • Send the email to fintestimony@cga.ct.gov by the end of the week.

If you’d like to attend the hearing and/or testify in person, it begins at 10:30 a.m. on Friday, March 15, and will be held in Room 2E of the Legislative Office Building (LOB) in Hartford. Sign-up for speakers will begin at 8:00 a.m. in the lobby of the LOB, and order will be determined by a lottery. If you sign up after 9:30 a.m., your name will just go at the end of the speakers’ list.

Please don’t hesitate to contact me if you’d like to discuss these bills, taxes, the budget process, or any other issue further. I am always happy to hear from you.

Office: (800) 842-1423

Email: Gail.Lavielle@housegop.ct.gov