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GOVERNOR LAMONT’S TAX PROPOSAL
Tomorrow, March 15th, the Finance, Revenue and Bonding Committee will hold a public hearing on Governor Lamont’s tax proposal for his biennial budget.
Governor Lamont’s proposed tax hikes include enacting the 6.35 percent sales tax on previously non-taxed items and services like:
· Legal Services
· Veterinary Services
· Accounting Services
· Engineering Services
· Real Estate Services
· Barber Shops
· Nonprescription Drugs
· Boat Repairs, Boat Storage
· Child Car Seats
· College Text Books
· Bicycle Helmets
· Vehicle trade-ins
In addition, his proposal would eliminate the sales tax free week, eliminate the exemptions on pension and social security income, increase the sales tax on boats from 2.99 percent to 6.35 percent, increase the hotel occupancy tax to 17 percent, and create a new tax on sweetened beverages at 1.5 cents per ounce.
In total, the sales tax expansions will cost Connecticut families and businesses nearly $300 million in the 2020 fiscal year and over $500 million in the 2021 fiscal year. This is in addition to hundreds of millions in other new taxes (including $163M from the new sweetened beverage tax).
If you’d like to submit written testimony on SB 877:
· 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 in the Subject Line of the email.
· Send the email to: email@example.com
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 9:00 a.m. in Room 2100 and order will be determined by a lottery. If you sign up after 10:00 a.m., your name will just go at the end of the speakers’ list.
Please note: All public testimony is entered into the public record, and may be accessible via search engines like other public documents.