Connecticut SB00002 aims to reduce costs for businesses by exempting certain sales and use taxes and reallocating meal tax revenue.

Connecticut SB00002 amends the general statutes to exempt commercial and industrial customers with less than ten million dollars in gross income from sales and use taxes on electricity and natural gas. Additionally, it dedicates revenue from the additional one percent sales tax on meals, with fifty percent going to the Tourism Fund and the other fifty percent to the municipalities where the meals were sourced. The bill aims to lower costs for businesses and the costs businesses pass on to consumers.

Connecticut SB00002 aims to reduce costs for businesses by exempting certain sales and use taxes and reallocating meal tax revenue.

Connecticut SB00002 amends the general statutes to exempt commercial and industrial customers with less than ten million dollars in gross income from sales and use taxes on electricity and natural gas. Additionally, it dedicates revenue from the additional one percent sales tax on meals, with fifty percent going to the Tourism Fund and the other fifty percent to the municipalities where the meals were sourced. The bill aims to lower costs for businesses and the costs businesses pass on to consumers.