OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT ESTABLISHING A MATTRESS STEWARDSHIP PROGRAM.
LCO No.: 5315
File Copy No.: 191
House Calendar No.: 491
Senate Calendar No.: 180
OFA Fiscal Note
State Impact: See Below
Municipal Impact: See Below
The amendment results in an annual state revenue loss estimated to be $5.5 million by extending a sales tax exemption to the sale of mattresses. There would also be a corresponding annual revenue loss of under $100, 000 to the municipal revenue share of the state sales tax.
This estimate assumes that there are approximately 88, 000 sales of mattresses per year with an average price range of approximately $1, 000. The actual revenue loss will vary if the number of mattress sales or the average price changes in any given year.
CT DEP Survey for Used Mattress Management in CT Final Report and Summary of Results, June 13, 2011.
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.