Bill > SB00904

This bill aims to reduce the rate of sales and use taxes in Connecticut by amending Chapter 219 of the state's general statutes. Sales tax is a consumption tax applied to the sale of goods and services, while use tax is a complementary tax paid by consumers on out-of-state purchases where sales tax was not collected. Although the specific rate reduction is not detailed in the provided bill text, the legislation signals an intent to lower the tax burden on consumers and potentially stimulate economic activity by decreasing the percentage of tax applied to purchases. The bill would require legislative approval and would likely involve modifying the existing tax code to implement the new, lower tax rate.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00904&which_year=2025