OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-1239

AN ACT CONCERNING THE BUDGET FOR THE BIENNIUM ENDING JUNE 30, 2013.

AMENDMENT

LCO No.: 5700

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 12 $

FY 13 $

Department of Revenue Services

GF - Reduces Revenue Gain in Bill

8.7 million

8.7 million

Note: GF=General Fund

Municipal Impact: None

Explanation

The amendment reduces the revenue gain in the bill by eliminating the 3 cent increase to the diesel fuel tax and by eliminating the increase to the excise tax on the current inventory of diesel (“floor tax”) . The amendment also increases the transfer of funds from the General Fund to the Special Transportation Fund in 2013. There is no fiscal impact to the state as this is a straight transfer.

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. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.