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A tax on some foods at the grocery store went into effect on Tuesday. The tax is on many prepared meals, but it’s not a new tax. It’s an increase to the sales tax. For example, stores are required to Continue reading CONNECTICUT – Increase On Meal Tax Went Into Effect Tuesday October 1, 2019
The Connecticut Marine Trades Association says Connecticut boat sales are booming, thanks to last year’s lowering of the state sales tax rate on luxury boats. Some boat dealerships have seen a 25 percent spike since January, and it doesn’t look Continue reading CONNECTICUT – Boat sales booming thanks to reduced state sales tax
The 2019 Sales Tax Free Week dates are Sunday, August 18, through Saturday, August 24, 2019. Most retail clothing and footwear items under $100 will be exempt from sales and use tax.That applies to all exempt items under $100, regardless Continue reading Connecticut – Sales Tax Free Week Runs From August 18 – 24
Effective Date: Effective for sales occurring the week starting with the third Sunday in August 2015 through the following Saturday, and applicable to that week in following years. Nontaxable Sales of Clothing or Footwear During the “Sales Tax Holiday”: Sales or Continue reading Connecticut – Sales Tax Holiday August 18, 2019 through August 24, 2019
Connecticut’s operating surplus is projected to top $700 million, an increase of $129 million from May’s projections, according to state budget director Melissa McCaw. Projected revenues have also increased by $120 million compared with last month’s estimates. Sales and use Continue reading Connecticut – The State’s Budget Surplus Increased By $129 Million
Connecticut’s Democratic Gov. Ned Lamont and state Democrats recently came to agreement on a two-year $43 billion budget planOpens a New Window., which is riddled with a number of new or expanded taxesOpens a New Window. as the state seeks to raise Continue reading Connecticut – Democrats To Raise Taxes On These Items
In recent years, states have increasingly considered taxing services by expanding the sales and use tax base — and 2019 is no different. So far this year, taxation of services bills have been introduced in nine states: California, Connecticut, Florida, Montana, Continue reading Multi-State – More States Consider Taxing Personal and Professional Services as 2019 Legislative Sessions Advance
Nearly three decades after a U.S. state last imposed a special tax on sugary drinks, Connecticut’s governor is pushing for one to help close a budget deficit — and bracing for a fight. Taxes on soda and other sugar-loaded drinks Continue reading Multi-State – States Renew Push for Taxes On Sugary Drinks
Lawmakers began their formal scrutiny of Gov. Ned Lamont’s controversial tax package Wednesday, questioning the fairness of a proposed tax on sugary beverages and how adding the sales tax to dozens of goods and services would affect the state’s poorer Continue reading Connecticut – Legislators Scrutinize Gov. Ned Lamont’s Plan For $1 Billion In New Sales Taxes
January 25, 2019 – Proposed House Bill No. 6270, if enacted, will bring the state into compliance with the Streamlined Sales and Use Tax Agreement. Click the link to view the bill: