Connecticut-2018-HB05105-Introduced


General Assembly		*Proposed Bill No. 5105*
*February Session, 2018*		LCO No. 500
		00500
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. ALBIS, 99th Dist.

AN ACT ADJUSTING THE RATES OF THE SALES AND USE TAXES AND THE PERSONAL INCOME TAX.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to (1) reduce the rate of the sales and use taxes to five and nine-tenths per cent, and (2) increase the top two marginal rates of the personal income tax to eight and nine-tenths per cent and eight and ninety-nine-hundredths per cent.

Statement of Purpose:

To (1) reduce the rate of the sales and use taxes to five and nine-tenths per cent, and (2) increase the top two marginal rates of the personal income tax to eight and nine-tenths per cent and eight and ninety-nine-hundredths per cent.