OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-1151

AN ACT CONCERNING ALIAS TAX WARRANTS AND EXECUTIONS AGAINST DEBTS DUE TO JUDGMENT DEBTORS SERVED UPON FINANCIAL INSTITUTIONS.

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 08 $

FY 09 $

Legislative Mgmt.

GF - Cost

Potential Minimal

Potential Minimal

Note: GF=General Fund

Municipal Impact:

Municipalities

Effect

FY 08 $

FY 09 $

All Municipalities

Revenue Impact

See Below

See Below

Explanation

The bill requires the Law Revision Commission1 to appoint a task force to study the feasibility of electronically serving alias tax warrants and other forms of executions on financial institutions. The task force must include representatives of the banking industry, city governments, debtors, and other interested parties. To the extent that any of the appointees are legislators, the Office of Legislative Management would incur minimal costs associated with mileage reimbursement of 48. 5 cents per mile.

The provisions of the bill are likely to make it more difficult to administer and serve tax warrants, which may have a negative impact on a municipality's efforts to collect delinquent taxes.

The Out Years

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

1 The Law Revision Commission has not met since 2003, when their budgetary funding was eliminated. Per PA 02-7 (May 9 Special Session), the Legislative Commissioners' Office may assist the Law Revision Commission in the performance of its responsibilities.