Connecticut Seal

General Assembly

Amendment

 

January Session, 2011

LCO No. 8516

   
 

*HB0665208516HRO*

Offered by:

 

REP. CAFERO, 142nd Dist.

REP. KLARIDES, 114th Dist.

REP. CANDELORA, 86th Dist.

 

To: House Bill No. 6652

File No.

Cal. No.

Strike line T424 in its entirety

In line T527, strike "887,159" and insert in lieu thereof "1,987,159"

In line T527, strike "841,457" and insert in lieu thereof "1,141,457"

In line T820, strike "4,632,073,500" and insert in lieu thereof "4,612,073,500"

In line T820, strike "4,755,161,500" and insert in lieu thereof "4,735,161,500"

In line T1103, adjust TOTAL-GENERAL FUND for each annual period accordingly

In line T1118, adjust NET-GENERAL FUND for each annual period accordingly

After the last section, add the following and renumber sections and internal references accordingly:

"Sec. 501. Subparagraph (A) of subdivision (1) of section 12-408 of the general statutes, as amended by section 93 of public act 11-6, is repealed and the following is substituted in lieu thereof (Effective July 1, 2011, and applicable to sales occurring on or after said date):

(1) (A) For the privilege of making any sales, as defined in subdivision (2) of subsection (a) of section 12-407, at retail, in this state for a consideration, a tax is hereby imposed on all retailers at the rate of six [and thirty-five-hundredths] per cent of the gross receipts of any retailer from the sale of all tangible personal property sold at retail or from the rendering of any services constituting a sale in accordance with subdivision (2) of subsection (a) of section 12-407, except, in lieu of said rate of six [and thirty-five-hundredths] per cent, the rates provided in subparagraphs (B) to (F), inclusive, of this subdivision;

Sec. 502. Subparagraph (A) of subdivision (1) of section 12-411 of the general statutes, as amended by section 97 of public act 11-6, is repealed and the following is substituted in lieu thereof (Effective July 1, 2011, and applicable to sales occurring on or after said date):

(1) (A) An excise tax is hereby imposed on the storage, acceptance, consumption or any other use in this state of tangible personal property purchased from any retailer for storage, acceptance, consumption or any other use in this state, the acceptance or receipt of any services constituting a sale in accordance with subdivision (2) of subsection (a) of section 12-407, purchased from any retailer for consumption or use in this state, or the storage, acceptance, consumption or any other use in this state of tangible personal property which has been manufactured, fabricated, assembled or processed from materials by a person, either within or without this state, for storage, acceptance, consumption or any other use by such person in this state, to be measured by the sales price of materials, at the rate of six [and thirty-five-hundredths] per cent of the sales price of such property or services, except, in lieu of said rate of six [and thirty-five-hundredths] per cent;

Sec. 503. (NEW) (Effective from passage) (a) Notwithstanding the provisions of section 9-750 of the general statutes, on and after the effective date of this section, (1) no funds received by the State Treasurer under part III of chapter 32 of the general statutes and deposited in the General Fund shall be credited to the Citizens' Election Fund established in section 9-701 of the general statutes, and (2) no revenues from the tax imposed under chapter 208 of the general statutes shall be deposited in the Citizens' Election Fund.

(b) Notwithstanding the provisions of chapter 157 of the general statutes, no grants shall be paid from the Citizens' Election Fund.

Sec. 504. (Effective from passage) Notwithstanding the provisions of section 9-701 of the general statutes, on or after July 1, 2011, any funds remaining on June 30, 2011, in the Citizens' Election Fund established in section 9-701 of the general statutes shall be transferred from said fund and credited to the resources of the General Fund for the fiscal year ending June 30, 2012.

Sec. 505. Section 3-69a of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage):

(a) (1) For the fiscal year ending June 30, 2005, the funds received under this part, excluding the proceeds from the sale of property deposited in the Special Abandoned Property Fund in accordance with section 3-62h, shall be deposited in the General Fund.

(2) For the fiscal year ending June 30, 2006, [and each fiscal year thereafter] to the fiscal year ending June 30, 2011, inclusive, a portion of the funds received under this part shall, upon deposit in the General Fund, be credited to the Citizens' Election Fund established in section 9-701 as follows: (A) For the fiscal year ending June 30, 2006, seventeen million dollars, (B) for the fiscal year ending June 30, 2007, sixteen million dollars, (C) for the fiscal year ending June 30, 2008, seventeen million three hundred thousand dollars, and (D) for the fiscal year ending June 30, 2009, [and each fiscal year thereafter] through the fiscal year ending June 30, 2011, inclusive, the amount deposited for the preceding fiscal year, adjusted in accordance with any change in the consumer price index for all urban consumers for such preceding fiscal year, as published by the United States Department of Labor, Bureau of Labor Statistics. The State Treasurer shall determine such adjusted amount not later than thirty days after the end of such preceding fiscal year.

(b) All costs incurred in the administration of this part, except as provided in section 3-62h and subsection (a) of this section, and all claims allowed under this part shall be paid from the General Fund.

Sec. 506. Section 110 of public act 11-6 is repealed. (Effective from passage)"