Finance, Revenue and Bonding Committee

MEETING AGENDA

Tuesday, February 14, 2017

1:00 PM IN ROOM 2E OF THE LOB

I. CONVENE MEETING

II. REMARKS BY THE CHAIRS

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

1. Proposed S.B. No. 5 AN ACT INCREASING THE ESTATE TAX EXEMPTION. (FIN)

2. Proposed S.B. No. 6 AN ACT EXEMPTING SOCIAL SECURITY INCOME FROM THE PERSONAL INCOME TAX. (FIN)

3. Proposed S.B. No. 7 AN ACT CONCERNING PROPERTY TAX RELIEF FOR BUSINESSES. (FIN)

4. Proposed S.B. No. 8 AN ACT AUTHORIZING MUNICIPALITIES TO LEVY A LOCAL SALES TAX. (FIN)

5. Proposed S.B. No. 16 AN ACT CONCERNING AN INCOME TAX DEDUCTION FOR MEDICAL EXPENSES. (FIN)

6. Proposed S.B. No. 58 AN ACT REPEALING THE ESTATE TAX. (FIN)

7. Proposed S.B. No. 62 AN ACT REPEALING THE GIFT TAX. (FIN)

8. Proposed S.B. No. 187 AN ACT REPEALING THE SALES TAX ON CAR WASH SERVICES AND COIN-OPERATED CAR WASHES. (FIN)

9. Proposed S.B. No. 188 AN ACT AUTHORIZING BONDS OF THE STATE FOR SOCIAL IMPACT BONDS. (FIN)

10. Proposed S.B. No. 272 AN ACT PHASING IN AN EXEMPTION FROM THE PERSONAL INCOME TAX FOR CERTAIN PENSION INCOME. (FIN)

11. Proposed S.B. No. 273 AN ACT ELIMINATING THE SALES TAX PAID BY CUSTOMERS OF PRIVATE WATER COMPANIES. (FIN)

12. Proposed S.B. No. 415 AN ACT INCREASING THE PROPERTY TAX CREDIT UNDER THE PERSONAL INCOME TAX FOR A PRIMARY RESIDENCE OR MOTOR VEHICLE. (FIN)

13. Proposed S.B. No. 416 AN ACT LIMITING GENERAL OBLIGATION BOND ALLOCATIONS AND ISSUANCES. (FIN)

14. Proposed S.B. No. 734 AN ACT ESTABLISHING A TAX DEDUCTION FOR CONTRIBUTIONS TO A CITIZENS IN NEED ACCOUNT. (FIN)

15. Proposed H.B. No. 5237 AN ACT REQUIRING A STUDY OF THE EARNED INCOME TAX CREDIT. (FIN)

16. Proposed H.B. No. 5251 AN ACT ESTABLISHING A TAX CREDIT FOR BUSINESSES THAT MATCH PAYMENTS FOR EMPLOYEES' STUDENT LOAN PAYMENTS. (FIN)

17. Proposed H.B. No. 5586 AN ACT MAKING CONNECTICUT MORE AFFORDABLE FOR COLLEGE GRADUATES. (FIN)

18. Proposed H.B. No. 5587 AN ACT CONCERNING A TAX EXEMPTION FOR SENIORS' SOCIAL SECURITY BENEFITS. (FIN)

19. Proposed H.B. No. 5588 AN ACT IMPOSING A CAP ON GENERAL OBLIGATION BOND ALLOCATIONS. (FIN)

20. Proposed H.B. No. 5886 AN ACT ESTABLISHING A TAX CREDIT FOR FOOD DONATED BY FARMERS TO CHARITABLE ORGANIZATIONS. (FIN)

21. Proposed H.B. No. 6139 AN ACT ESTABLISHING A MORTGAGE RECORDING TAX. (FIN)

22. Proposed H.B. No. 6358 AN ACT EXEMPTING FAMILY-OWNED FARM LAND FROM THE ESTATE AND GIFT TAXES. (FIN)

23. Proposed H.B. No. 6372 AN ACT REPEALING THE BUSINESS ENTITY TAX. (FIN)

24. Proposed H.B. No. 6376 AN ACT EXTENDING THE ADMISSIONS TAX MORATORIUM ON ATHLETIC EVENTS AT THE BALLPARK AT HARBOR YARD IN BRIDGEPORT. (FIN)

25. Proposed H.B. No. 6391 AN ACT CONCERNING GENERAL OBLIGATION BOND ALLOCATION LIMITS AND REDUCTIONS. (FIN)

26. Proposed H.B. No. 6469 AN ACT ALLOWING MUNICIPALITIES TO DETERMINE THE PROPERTY TAX TREATMENT OF CERTAIN PROPERTIES. (PD,FIN)

27. Proposed H.B. No. 6551 AN ACT IMPOSING A TAX ON MEDICAL MARIJUANA. (FIN)

28. Proposed H.B. No. 6552 AN ACT IMPLEMENTING AN ANNUAL CAP ON BOND ISSUANCES. (FIN)

29. Proposed H.B. No. 6553 AN ACT CONCERNING REALLOCATION OF BONDS FOR TRANSPORTATION INFRASTRUCTURE PROJECTS ON THE RAILROAD LINE BETWEEN SOUTH NORWALK AND DANBURY. (FIN)

30. Proposed H.B. No. 6556 AN ACT ESTABLISHING A CREDIT AGAINST THE PERSONAL INCOME TAX FOR LONG-TERM CARE INSURANCE PREMIUM PAYMENTS. (FIN)

31. Proposed H.B. No. 6557 AN ACT CONCERNING THE BOND AUTHORIZATION PROCESS. (FIN)

32. Proposed H.B. No. 6558 AN ACT EXEMPTING SOCIAL SECURITY BENEFITS FROM THE PERSONAL INCOME TAX. (FIN)

33. Proposed H.B. No. 6559 AN ACT ESTABLISHING A CREDIT AGAINST THE HOSPITAL TAX FOR HOSPITALS THAT MAKE BEDS AVAILABLE FOR OPIOID ADDICTION TREATMENT SERVICES. (FIN)

34. Proposed H.B. No. 6614 AN ACT CONCERNING A TAX CREDIT FOR BUSINESSES THAT PROVIDE PAID FAMILY AND MEDICAL LEAVE. (HS,FIN)

IV. CONCEPTS TO BE RAISED

1. AA Requiring Legislative Approval Of Financial Assistance Provided Under The First Five Plus Program

2. AAC Minor Revisions To The Tax And Related Statutes

3. AAC Failure To File For Certain Tax Exemptions

4. AAC Certain Exemptions From The Property Tax

5. AAC Evaluation Of Business Assistance And Incentive Programs

6. AAC Sales And Use Taxes On Boats And Boating-Related Services

7. AAC The Department Of Revenue Services' Recommendations For State Taxation And Collection And Improving Tax Gap Compliance

8. AAC Tax Preparers And The Department Of Revenue Services' Changes To The Tax And Related Statutes

9. AAC Stranded Tax Credits

10. AAC An Exemption From The Admissions Tax For Events At The Oakdale Theatre

11. AA Expanding The Neighborhood Assistance Tax Credit To Include Certain Scholarships

12. AAC A Tax On Sugar-Sweetened Beverages

13. AAC The Maturation Period For State Bonds

14. AAC An Increase In Marriage License Fees To Fund Sexual Assault And Domestic Violence Programs

15. AAC Sales Tax On The Purchase Or Lease Of A Replacement Motor Vehicle In A Buyback Program

16. AAC The Hospitals Tax

17. AAC The Ambulatory Surgical Centers Tax  

18. AAC The Corporation Business Tax

19. AAC Microbiome Innovation

20. AAC Sales Tax Revenue And Collection

21. AAC Municipal Revenue

22. AAC Unemployment Taxes

23. AAC Retention Of Entrepreneurial College Graduates

24. AA Fostering The Software Development Industry In The State

25. AAC Imported Alcohol

26. AAC Electronic Tolling

27. AAC A Study Of The Efficacy Of Fines As A Deterrent For Excessive Speeding

28. AAC Innovation Places And The Manufacturing Assistance Act

29. AAC Tax Parity And Relief

30. AAC The Commission On Economic Competitiveness

31. AAC Finance

32. AAC Revenue

33. AAC Bonding

34. AAC Tax Policy

35. AAC Finance Policy

36. AAC Revenue Policy

V. PROPOSED BILL TO BE CONSIDERED FOR CHANGE OF REFERENCE

1. Proposed H.B. No. 5894 AN ACT CONCERNING DISBURSEMENTS FROM THE TOBACCO SETTLEMENT FUND AND MONEYS RECEIVED FROM TOBACCO TAXES. (FIN) (Refer to the Committee on Appropriations)

VI. ANNOUNCEMENT OF TIME AND DATE OF NEXT MEETING

VII. ADJOURNMENT