Bill > HB05412

This bill requires each state agency to conduct a comprehensive evaluation of the collection costs associated with the taxes and fees they administer. Specifically, agencies must assess whether the expenses involved in collecting a particular tax or fee are higher than the revenue generated from that tax or fee. If an agency determines that the cost of collection exceeds the revenue received, the finance, revenue and bonding committee will be obligated to propose legislation to eliminate that specific tax or fee. The goal of this bill is to improve the efficiency of tax collection by ensuring that the state does not spend more money collecting a tax or fee than it actually receives from that tax or fee. By mandating this cost-benefit analysis, the bill aims to streamline state revenue processes and eliminate financially inefficient taxation methods.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05412&which_year=2025