OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-89

AN ACT ESTABLISHING A MATTRESS STEWARDSHIP PROGRAM.

AMENDMENT

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

Explanation

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.

Sources:

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.