Finance, Revenue and Bonding Committee

JOINT FAVORABLE REPORT

Bill No.:

HB-5637

Title:

AN ACT MAKING MINOR AND CONFORMING CHANGES TO CERTAIN TAX STATUTES.

Vote Date:

3/31/2016

Vote Action:

Joint Favorable Substitute

PH Date:

3/28/2016

File No.:

SPONSORS OF BILL:

Finance, Revenue and Bonding Committee.

REASONS FOR BILL:

This bill makes minor, technical, and conforming changes to various tax-related statutes.

Among other things it: corrects a statutory reference in the Mashantucket Pequot and Mohegan Fund distribution formula; extends the motor vehicle mill rate cap for special taxing districts and boroughs to assessment years beginning in 2017 and thereafter, thus aligning it with the existing cap on municipalities; and corrects a personal income tax bracket calculation for head of household filers.

RESPONSE FROM ADMINISTRATION/AGENCY:

None expressed.

NATURE AND SOURCES OF SUPPORT:

None expressed.

NATURE AND SOURCES OF OPPOSITION:

None expressed

Reported by: Matthew Grisevich Assistant Clerk

Date: 4/1/2016