Finance, Revenue and Bonding Committee

MEETING MINUTES

Wednesday, February 17, 2016

10:00 AM in Room 2E of the LOB

I. CONVENE MEETING

The meeting was called to order at 10:14 AM by Chairman, Rep. Berger J. 073.

The following committee members were present:

Senators:

Boucher T. S26; Cassano S. S04; Fonfara J. S01; Frantz L. S36; Leone C. S27; McLachlan M. S24; Moore M. S22; Winfield G. S10

   

Representatives:

Albis J. 099; Altobello E. 082; Arce A. 004; Berger J. 073; Berthel E. 068; Boukus E. 022; Brycki P. 045; Bumgardner A. 041; Carter D. 002; Davis C. 057; Devlin L. 134; Floren L. 149; Harding S. 107; Hennessy J. 127; Hoydick L. 120; Lemar R. 096; Lopes R. 024; Morin R. 028; Piscopo J. 076; Rebimbas R. 070; Reed L. 102; Rojas J. 009; Rutigliano D. 123; Sanchez R. 025; Santiago H. 084; Serra J. 033; Srinivasan P. 031; Stafstrom S. 129; Stallworth C. 126; Steinberg J. 136; Wood T. 141; Yaccarino D. 087; Zoni D. 081

   

Absent were:

 
   

Senators:

Coleman E. S02

   

Representatives:

Alexander D. 058; Butler L. 072; Candelora V. 086; Fox D. 148; Frey J. 111; Mushinsky M. 085; Perillo J. 113; Shaban J. 135; Verrengia J. 020

The following committee member did not attend the meeting for the following reason:

Rep. Shaban- knee surgery

II. REMARKS BY THE CHAIRS

Rep. Berger addressed the committee and expressed his optimism for the 2016 legislative session and the Finance Committee as a whole. He then introduced several committee staff members.

Sen. Fonfara welcomed the committee members to the 2016 legislative session and stressed the importance for the committee to continue to work in a bi-partisan nature. He then proceeded to introduce additional committee staff.

Sen. Frantz stressed the importance of the bipartisan nature necessary for a successful outcome to the committee's business during the new legislative session.

Rep. Davis addressed the committee about the upcoming session and stressed the important work that the committee is faced with during these trying economic times.

III. PROPOSED BILLS TO BE RESERVED FOR A SUBJECT MATTER PUBLIC HEARING

A motion was made to reserve the following proposed bills for a Subject Matter Public Hearing by Sen. Frantz and was seconded by Rep. Boukus:

1. Proposed H.B. No. 5062 AN ACT ELIMINATING THE PERSONAL INCOME TAX ON SOCIAL SECURITY BENEFITS. (FIN)

2. Proposed H.B. No. 5026 AN ACT CONCERNING PARITY FOR SINGLE-FILERS UNDER THE PERSONAL INCOME TAX. (FIN)

3. Proposed S.B. No. 49 AN ACT CONCERNING AN EXEMPTION FROM THE HOSPITAL TAX FOR HOSPITALS IN THE SMALL HOSPITAL POOL. (FIN)

4. Proposed H.B. No. 5081 AN ACT CONCERNING THE DEDUCTIBILITY OF SOCIAL SECURITY INCOME UNDER THE PERSONAL INCOME TAX. (FIN)

The motion passed unanimously by a voice vote.

IV. PROPOSED BILLS TO BE DRAFTED AS COMMITTEE BILLS

A motion was made to draft the following proposed bills as committee bills by Rep. Boukus and was seconded by Rep. Floren:

1. Proposed S.B. No. 1 AN ACT CONCERNING INNOVATION, ENTREPRENEURSHIP AND CONNECTICUT'S ECONOMIC FUTURE. (FIN)

2. Proposed H.B. No. 5122 AN ACT CONCERNING PERSONAL INCOME TAX DEDUCTIONS FOR CONTRIBUTIONS TO FAMILY AND MEDICAL LEAVE BENEFIT ACCOUNTS. (FIN)

3. Proposed H.B. No. 5123 AN ACT ESTABLISHING A DEDUCTION UNDER THE PERSONAL INCOME TAX FOR INTEREST PAID ON STUDENT LOANS. (FIN)

4. Proposed H.B. No. 5109 AN ACT ESTABLISHING A TAX CREDIT PROGRAM FOR EMPLOYERS WHO OFFER ON-SITE CHILD DAY CARE OPTIONS FOR EMPLOYEES. (FIN)

5. Proposed H.B. No. 5121 AN ACT ESTABLISHING A TAX CREDIT FOR DEPENDENT CHILD CARE COSTS. (FIN)

The motion passed unanimously by a voice vote.

A separate motion was made to draft the following proposed bill into a committee bill by Rep. Morin and was seconded by Sen. Winfield.

1. Proposed S.B. No. 5 AN ACT ESTABLISHING A FEE ON THE MANUFACTURE, DISTRIBUTION, PRESCRIPTION AND DISPENSATION OF OPIOIDS. (FIN)

The motion passed unanimously by a voice vote, noting that Rep. Carter was the only committee member to vote against this motion.

V. CONCEPTS TO BE RAISED

A motion was made to raise the following concepts by Rep. Rojas and was seconded by Rep. Morin:

1. AAC THE AMBULATORY SURGICAL CENTER TAX

2. AAC THE HOSPITAL TAX

3. AAC THE ESTATE AND GIFT TAXES

4. AAC THE TAX ON GASOLINE

5. AA CREATING A DEDICATED REVENUE STREAM FOR REGIONAL FIRE TRAINING SCHOOLS

6. AAC THE CONVERSION OF COLLEGE SAVINGS ACCOUNTS TO ABLE ACCOUNTS

7. AAC TAXATION OF BUSINESS TO BUSINESS TRANSACTIONS

8. AAC LICENSURE OF E-CIGARETTE SELLERS AND MANUFACTURERS

9. AAC THE EARNED INCOME TAX CREDIT

10. AAC CONNECTICUT FIRST

11. AAC AN EXEMPTION FROM THE ADMISSIONS TAX FOR EVENTS AT THE OAKDALE THEATRE

12. AAC THE SALE, VIA INTERNET AUCTION, OF LICENSE PLATES ISSUED BY THE DEPARTMENT OF MOTOR VEHICLES

13. AAC THE SALES TAX ON SERVICES RENDERED BETWEEN PARENT COMPANIES AND SUBSIDIARIES

14. AA INCREASING CERTAIN MUNICIPAL FILING FEES

15. AAC PROPERTY TAXES AND PAYMENT IN LIEU OF PROPERTY TAXES

16. AAC THE APPLICATION AND NOTICE REQUIREMENTS FOR REDUCING PROPERTY TAXES

17. AAC THE RESEARCH AND DEVELOPMENT TAX CREDIT

18. AA MAKING CONFORMING AND TECHNICAL CHANGES TO CERTAIN TAX STATUTES

19. AAC THE FAILURE TO FILE FOR CERTAIN TAX EXEMPTIONS

20. AAC REVENUE

21. AAC FINANCE

22. AA IMPROVING STATE TAX POLICY

23. AAC STATE TAX ADMINISTRATION

The motion passed unanimously by a voice vote.

VI. PROPOSED BILLS TO BE CONSIDERED FOR STRAIGHT CHANGE OF REFERENCE

A motion was made to consider the following bill for a straight change of reference to the Public Health Committee by Rep. Arce and was seconded by Rep. Santiago:

1. Proposed H.B. No. 5124 AN ACT IMPOSING AN EXCISE TAX ON SUGAR SWEETENED BEVERAGES. (FIN)

The motion passed unanimously by a voice vote.

VII. ANNOUNCEMENT OF TIME AND DATE OF NEXT MEETING

Rep. Berger announced that the committee would be meeting on Friday February 19, 2016 at a time that has yet to be determined to raise additional concepts.

VIII. ADJOURNMENT

The meeting was adjourned at 10:28 AM.

Tom Spinella

Peter Murszewski

Committee Administrator

Committee Clerk