AN ACT CONCERNING CONNECTICUT'S ENERGY POLICY.

OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 ¯ (860) 240-0200

http: //www.cga.ct.gov/ofa

sHB-7097

AN ACT CONCERNING CONNECTICUT'S ENERGY POLICY.

AMENDMENT

LCO No.: 9089

File Copy No.: 199

House Calendar No.: 202

Agency Affected	Fund-Effect	FY 08 $	FY 09 $
Department of Revenue Services	GF - Revenue Gain	Potential Significant	Potential Significant

Note: GF=General Fund

Municipal Impact: None

Explanation

The amendment imposes a tax equal to 50% of windfall profits on a company that owns electric generating facilities located in the state that use uranium or coal as a fuel source for income years 2007, 2008, and 2009. This may result in a potential significant General Fund revenue gain that could be in excess of $350 million per year.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose.