Bill > SB00118

This bill proposes a straightforward mechanism for removing state taxes or fees that cost more to collect than the revenue they generate. Specifically, the legislation would require the state to eliminate any tax or fee where the administrative and collection expenses exceed the total amount of money received from that particular tax or fee. This approach is designed to improve government efficiency by ensuring that tax collection efforts are financially sensible and do not result in a net financial loss to the state. The bill would likely require state financial officials to periodically review existing taxes and fees, calculating their collection costs and comparing them to the revenue generated, and then recommend the elimination of those that are not cost-effective. While the bill does not specify a precise method for making these determinations, it establishes a clear principle of fiscal responsibility by focusing on the net financial impact of tax and fee collection processes.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00118&which_year=2025