Updated at 6:40 p.m.
Senate Democratic leaders hinted Monday that plans to eliminate property taxes on motor vehicles next year as part of a new state budget would be scaled back or scrapped altogether — just two business days after legislative leaders announced the initiative. Continue Reading →
Taxes owed to Hartford on two cars owned by Gov. Dannel P. Malloy are listed in arrears, a subject of some gleeful emails among tax collectors opposed to Malloy’s plan to end the Department of Motor Vehicles’ role as a municipal debt collector. The bill was due Jan. 1. Malloy paid the bill on one car when told Tuesday night it was overdue. The other car has been sold. Continue Reading →
Legislative leaders struck a tax deal with the administration of Gov. Dannel P. Malloy moments before midnight Saturday, setting the stage for action Monday on a biennium budget that would raise taxes on the wealthy and business, while funding property-tax relief and transportation. Continue Reading →
The fate of a major proposed expansion of Connecticut’s sales tax may not hinge solely on the objections of businesses and consumers. The key question could be whether cities and towns — the prime beneficiaries of these potential sales tax receipts — would use those funds to lower property taxes or to expand local spending. Continue Reading →
State budget problems have blocked recent efforts to repeal Connecticut’s car tax. But even though a big deficit is forecast for next year, the Senate’s top leader says the state at least can act now to fix the car levy’s greatest flaw – a huge gap between urban and suburban tax rates.
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