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.
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