CT lawmakers have proposed reducing the 6.35% sales tax rate while also seeking to create new exemptions or restore old ones.
Sales Tax
Posted inMoney
Senate GOP wants to roll back sales tax rates in 2022
With state government on pace for another massive surplus, Senate Republicans want a temporary rollback of sales tax rates.
Posted inHealth, Money
CT’s unflappable sales tax faces unprecedented threat from coronavirus
Experts say the sales tax, one of Connecticut’s most stable revenue sources, could face unprecedented erosion amidst the COVID-19 pandemic.
Posted inPolitics
Senate Dems say election year shouldn’t stymie pot debate
Though Connecticut legislators tend to shy away from controversial issues during re-election years, Senate Democrats insisted Thursday that legalization of recreational marijuana use still could be enacted this year if bundled with social justice components.
Posted inTransportation
Best of 2019: Lamont: Trust me. GOP lawmakers: Why should we?
As Gov. Lamont tries to convince lawmakers that tolls will remain fixed, his history is working against him.
Posted inMoney
Connecticut’s legacy of debt weighed heavy on Lamont’s first budget
Gov. Ned Lamont had lofty goals, but found was that fixing Connecticut’s budget meant grappling with the stateās enormous debt.
Posted inTransportation
Lamont: Trust me. GOP lawmakers: Why should we?
As Gov. Lamont tries to convince lawmakers that tolls will remain fixed, his history is working against him.
Posted inMoney
Lamont administration limits tax hike on prepared meals
The revisions essentially tell supermarkets to only collect the sales tax on items now taxable.
Posted inMoney
Three words. Big argument on what they mean.
Republicans and Democrats dug in Wednesday on whether Connecticut law clearly defines what is a meal subject to the sales tax.
Posted inMoney
Lamont: Prepared food tax hike will be narrowed in scope
Gov . Ned Lamont said his budget office already has begun scaling back the range of items that would be subject to the surcharge.
Posted inMoney
GOP: ‘Restaurant tax’ has exploded into broad hike on groceries
The extra penny will come on each dollar spent on popsicles, doughnuts and bagels, pizza slices, hot dogs, smoothies, power bars, popcorn, and even pre-packaged bags of lettuce and spinach.
Posted inMoney
Democrats propose sales tax hike to help poor communities
Democratic legislators continue to challenge Gov. Ned Lamont on who should bear the largest burden of balancing the next state budget.
Posted inMoney
Lamont tells CT to expect lean spending, sales tax expansion
Gov. Ned Lamont asked Connecticut residents Monday to brace for a lean spending plan that overhauls service delivery, restructures pension debt and broadens the sales tax.
Posted inPolitics
Ned Lamont won the election. Now comes the hard part.
Gov. Ned Lamont, who took office with few political allies in Hartford, is trying to find them with gatherings at the Executive Residence. “Why not try?”
Posted inMoney
Speaker to sales tax critics: ‘Take a deep breath’
One day after the top Republican in the House criticized proposals to tax groceries and regionalize schools, Democratic leaders urged lawmakers to keep an open mind.