Gov. Malloy's revenue proposals up for discussion Monday
By WFSB Staff
HARTFORD, CT (WFSB) -
Connecticut lawmakers will hear from the public on Gov. Dannel Malloy's state revenue proposals that could have a major impact on taxpayers, cities and towns.
Cutting local property taxes on cars, along with an amnesty program for tax delinquents are just two of the revenue proposals that will be up for discussion Monday.
As part of his two-year, $43.8 billion budget, the governor's plan includes exempting the first $20,000 of a car's assessed value from the local property tax.
Some local town leaders are speaking out against the car tax proposal saying they depend on the car tax. If they lose that money, they would be forced to raise real estate taxes.
COST, The Connecticut Council of Small Towns, will hold a press conference Monday morning opposing Malloy's proposed bill. They said the bill will impact their local budgets and mill rates.
The amnesty program would give the delinquent taxpayer two months, starting in September, to make their bill current. If the tax and interest is paid in full, the state would not press criminal or civil charges. The taxpayer would first have to apply and be accepted into the program.
Another revenue proposal by Governor Malloy is a sales tax exemption on the first $25 of clothing starting in 2015.
The Finance, Revenue and Bonding Committee scheduled a public hearing at 10:30 a.m. Monday at the Legislative Office Building.
Copyright 2013 WFSB (Meredith Corporation). All rights reserved.
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