Bill > SJ00005

This resolution proposes an amendment to the state constitution that would prevent the General Assembly (the state legislature) from implementing any tax increases or creating new taxes that would apply retroactively. Retroactive taxes are taxes that are applied to income, transactions, or activities that occurred before the tax was enacted, effectively changing the tax liability for past periods. By adding this provision to the state constitution, the resolution aims to provide taxpayers with more certainty and protection against unexpected tax liabilities, ensuring that tax laws can only apply going forward from the date of their enactment. The amendment would fundamentally limit the legislative body's ability to impose taxes that reach back in time, which could potentially disrupt financial planning and create unexpected financial burdens for individuals and businesses.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SJ00005&which_year=2025