The legislature’s finance committee has voted to hike Connecticut taxes AGAIN by NEARLY $2.4 billion RETROACTIVE to January 1
The legislature’s finance committee has voted to hike Connecticut taxes AGAIN by NEARLY $2.4 billion RETROACTIVE to January 1. If they become law, these massive tax increases and new taxes, on top of $6.4 billion in tax increases over the last four years, will further hurt families and businesses. You should have a voice in this fight.
SIGN THE PETITION
If you agree that more taxes would be bad for our state, and you want your voice to be heard – please sign our petition at NoNewCTTaxes.com
SPEAK OUT AT PUBLIC HEARING
Senate & House Republicans will also host a Public Hearing on the proposed tax hikes and new taxes on Monday, May 11 at 1:30pm in Room 1E at the Legislative Office Building, 300 Capitol Ave. Hartford. To submit your testimony fill out the form on NoNewCTTaxes.com, directly below the petition. We encourage you to attend the hearing to voice your opinion.
Together, we can make Connecticut better!
New Proposed Taxes that will affect everyone:
– Establish New Marginal Rate of 6.99% to increase revenue by $102.4 million in FY 2016 and $94.7 million in FY 2017
– Establish 2% Supplemental Tax on Capital Gains to increase revenue by $167.6 million in FY 2016 and $178 million in FY 2017
– Establish Mandatory Combined Reporting on Corporations to increase revenue by $38.6 million in FY 2016 and $23.7 million in FY 2017
– Repeal Exemptions for Computer and Data Processing and World Wide Web to increase revenue by $162.8 million in FY 2016 and $207 million in FY 2017
– Impose sales and use tax on office of public accountants to increase revenue by $44.1 million in FY 2016 and $56 million in FY 2017
– Impose sales and use tax on other accounting services to increase revenue by $10.5 million in FY 2016 and $13.4 million in FY 2017
– Impose sales and use tax on architectural services to increase revenue by $16 million in FY 2016 and $20.4 million in FY 2017
– Impose sales and use tax on engineering services to increase revenue by $121.2 million in FY 2016 and $154.1 million in FY 2017
– Impose sales and use tax on drafting services to increase revenue by $500,000 in FY 2016 and $600,000 in FY 2017
– Impose sales and use tax on building inspection services to increase revenue by $1.3 million in FY 2016 and $1.6 million in FY 2017
– Impose sales and use tax on geographical surveying and mapping services to increase revenue by $1.8 million in FY 2016 and $2.3 million in FY 2017
– Impose sales and use tax on surveying and mapping services to increase revenue by $3.3 million in FY 2016 and $4.3 million in FY 2017
– Impose sales and use tax on interior design services to increase revenue by $4.5 million in FY 2016 and $5.7 million in FY 2017
– Impose sales and use tax on industrial design services to increase revenue by $1 million in FY 2016 and $1.3 million in FY 2017
– Impose sales and use tax on other specialized design services to increase revenue by $800,000 in FY 2016 and $1 million in FY 2017
– Impose sales and use tax on administrative management of general management consulting services to increase revenue by $30.4 million in FY 2016 and $38.6 million in FY 2017
– Impose sales and use tax on human resources consulting services to increase revenue by $4.6 million in FY 2016 and $5.9 million in FY 2017
– Impose sales and use tax on marketing consulting services to increase revenue by $9.1 million in FY 2016 and $11.6 million in FY 2017
– Impose sales and use tax on process, physical distribution, and logistics consulting services to increase revenue by $4.3 million in FY 2016 and $5.4 million in FY 2017
– Impose sales and use tax on other management consulting services to increase revenue by $1 million in FY 2016 and $1.3 million in FY 2017
– Impose sales and use tax on other scientific and technical consulting services to increase revenue by $6.3 million in FY 2016 and $8 million in FY 2017
– Impose sales and use tax on direct mail advertising to increase revenue by $6.6 million in FY 2016 and $8.4 million in FY 2017
– Impose sales and use tax on advertising material distribution services to increase revenue by $2.2 million in FY 2016 and $2.8 million in FY 2017
– Impose sales and use tax on marketing research and public opinion polling to increase revenue by $9.5 million in FY 2016 and $12 million in FY 2017
– Impose sales and use tax on translation and interpretation services to increase revenue by $2.2 million in FY 2016 and $2.8 million in FY 2017
– Impose sales and use tax on veterinary services to increase revenue by $17.1 million in FY 2016 and $21.8 million in FY 2017
– Impose sales and use tax on all other professional, scientific and technical services to increase revenue by $3 million in FY 2016 and $3.9 million in FY 2017
– Impose sales and use tax on other gambling industries to increase revenue by $5.1 million in FY 2016 and $6.5 million in FY 2017
– Impose sales and use tax on golf courses and country clubs to increase revenue by $11.9 million in FY 2016 and $15.1 million in FY 2017
– Impose sales and use tax on dry-cleaning and laundry services (except coin-operated) to increase revenue by $4.4 million in FY 2016 and $5.5 million in FY 2017