OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sHB-6682

AN ACT CONCERNING THE LICENSING OF NEW AND USED CAR DEALERS.

As Amended by House "A" (LCO 7919)

House Calendar No.: 218


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 16 $

FY 17 $

Resources of the Special Transportation Fund

TF - Revenue Gain

Potential

Potential

Resources of the General Fund

GF - Revenue Gain

Potential

Potential

Note: GF=General Fund; TF=Transportation Fund

Municipal Impact: None

Explanation

The bill increases the potential revenue gain to the state by expanding the car dealer license eligibility to additional manufacturers. The actual revenue gain in sales tax would be dependent upon any potential shift in consumer purchases.

House “A” adds language to expand car dealer license eligibility in Connecticut.

The Out Years

The annualized ongoing fiscal impact identified above would continue into the future dependent on the number of car dealers.