Bill > SB01456

This bill proposes to modify the state's tax code to dedicate a portion of meals tax revenue to the Tourism Fund, specifically by requiring the state commissioner to deposit ten percent of the taxes collected from meals and beverages sold by eating establishments, caterers, and grocery stores into the Tourism Fund starting from September 30, 2025. The bill amends two sections of the state's general statutes (sections 12-408 and 12-411) to accomplish this, focusing on how tax revenues from specific sales categories are allocated. Currently, some tax revenues are already being directed to other special funds like the Regional Planning Incentive Account and the Special Transportation Fund, and this bill adds the Tourism Fund as another recipient of tax revenues. The changes will take effect on July 1, 2025, and apply to sales occurring on or after that date, meaning restaurants, caterers, and grocery stores selling prepared meals and beverages will contribute a small percentage of their sales tax to support tourism initiatives in the state. This approach provides a dedicated funding stream for tourism promotion and development without increasing the overall tax rate.

Budget and Finance, Business and Industry

Commerce Committee (J)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB01456&which_year=2025