OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-318

AN ACT CONCERNING USED AUTOMOBILE WARRANTIES.


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 14 $

FY 15 $

Judicial Dept.

GF - Revenue Gain

less than 5,000

less than 5,000

Municipal Impact: None

Explanation

The bill results in a potential revenue gain of less than $5,000 to the General Fund due to an anticipated ten additional cases per year which may result in license suspension or a civil penalty. The bill increases the age and monetary value of used vehicles for which motor vehicle dealers must provide express warranties. The bill also increases the age of a motor vehicle that dealers can sell in “as is” condition.

The Out Years

The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.