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.

AMENDMENT

LCO No.: 7919

File Copy No.: 361

House Calendar No.: 218


OFA Fiscal Note

INCREASES POTENTIAL REVENUE GAIN IN THE BILL

The amendment 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.

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.