CCP Policy Update - April 21, 2017

Friday, April 21, 2017

We wanted you to be aware of the state's current plans to repeal the sales tax exemption on goods and services sold to nonprofits, and imposes a grants in lieu of taxes payment rate of fifty-five per cent for college and hospital property, actions that could adversly affect many of you and/or your grantees. 
H.B. No. 7322 includes a provision to increase the sales tax rate from 6.35% to 6.99% and to repeal certain exemptions, primarily the exemption of non-profits from the sales tax. A full list of sales tax exemptions is available here.
Coverage on Tax Plans
 
-- Keith Phaneuf, The Connecticut Mirror
 
-- Christopher Keating and Daniela Altimari, The Hartford Courant
What's Happening Around the State
 
Two of CCP's colleague organizations have urged their membership to let the State Finance Committee know their thoughts about the bill above, or any other tax legislation that may impact your organization. Link to their messages below:
 
Public Hearing on Connecticut State Taxes 
  • Tuesday, April 25, 2017 at 11:30 am
    Room 2E, Legislative Office Building, Hartford, CT
     
  • Agenda >>
     
  • To Testify: The Committee will hold a speaking order lottery from 9:30 - 10:30 am in the first floor atrium of the Legislative Office Building.
     
  • To Add Your Comments to the Record: If you are unable to attend the public hearing, you can direct correspondence to the Committee by email at fintestimony@cga.ct.gov.
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News type: 
Policy News
Topic(s): 
Tax and Regulatory Issues
Audience: 
CCP Members
Policy Makers