Conn. governor's revenue plan faces hearing

HARTFORD, Conn. (AP) — Connecticut lawmakers will hear public testimony on Gov. Dannel Malloy's revenue proposals, including a plan to slash local property taxes on vehicles.

Municipal officials have raised concerns about the car tax concept, saying it will lead to higher taxes on real estate.

The General Assembly's Finance Revenue and Bonding Committee scheduled a public hearing for Monday on a bill that includes details of the governor's revenue proposals.

Malloy has also proposed a tax amnesty program to encourage delinquent taxpayers to pay up; a two-year extension of a 20 percent surcharge on the corporate income tax; and a two-year extension of a tax on electric generators.

Malloy also proposed a sales tax exemption on the first $25 of clothing and footwear, starting July 2015. It climbs to $50 in 2016.

Copyright 2014 AP Modified. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

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Connecticut (change)

 
Connecticut has 169 cities and towns, which serve as the fundamental local political subdivision of the state. Connecticut is the 5th of the original thirteen United States.
 
Offices & Officials

Governor: Dan Malloy
Lieutenant Governor: Nancy Wyman
Attorney General: George Jepsen
State Treasurer: Denise L. Nappier

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