OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
http://www.cga.ct.gov/ofa
SB-1160
AN ACT CONCERNING GUN VIOLENCE PREVENTION AND CHILDREN'S SAFETY.
AMENDMENT
LCO No.: 5463
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OFA Fiscal Note
Agency Affected |
Fund-Effect |
FY 14 $ |
FY 15 $ |
Emergency Services and Public Protection, Dept. |
GF - See Below |
See Below |
See Below |
Revenue Serv., Dept. |
GF - Revenue Loss |
Significant |
Significant |
Explanation
The amendment strikes sections 1 – 63 of the underlying bill.
The amendment eliminates the bans on certain types of firearms contained in the underlying bill. There are minimally reduced costs to the Department of Emergency Services and Public Protection (DESPP) from deleting this provision.
Section 22 of the amendment establishes a non-refundable Personal Income Tax credit of up to $150 for the purchase of certain gun safes. This results in a significant annual revenue loss. There are currently approximately 179,000 Connecticut residents holding a pistol permit, and an unknown number of additional residents owning long guns. Based on gun safe manufacturers' data, it is anticipated that at least 1,500 gun safes would be sold annually in Connecticut.
Section 32 of the amendment establishes a permit that must be obtained by gun show promoters. There is minimal fiscal impact arising from this provision based on the number of gun shows recently held in the state.
Sections 42 and 43 re-allocate the $1.0 million originally proposed for the statewide firearms trafficking task force towards a new pilot program. As such, there is no net fiscal impact arising from the deletion of section 63 and subsequent addition of these sections.
The other changes to the underlying bill have minimal fiscal impact.
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.