Connecticut SB00513 establishes a payroll tax program and an administrative efficiency account to reduce certain consumer charges.

Connecticut SB00513 creates a payroll tax program allowing employees to reduce their payroll expense by participating in a payroll tax program. Employers must inform employees about the program, including obligations, payroll expense reduction, and credit details. The bill also establishes an administrative efficiency account to reduce public benefits charges on electric bills. The Comptroller must certify the transfer of funds from this account to electric distribution companies, which must apply the funds to reduce residential public benefits charges.

Connecticut SB00513 establishes a payroll tax program and an administrative efficiency account to reduce certain consumer charges.

Connecticut SB00513 creates a payroll tax program allowing employees to reduce their payroll expense by participating in a payroll tax program. Employers must inform employees about the program, including obligations, payroll expense reduction, and credit details. The bill also establishes an administrative efficiency account to reduce public benefits charges on electric bills. The Comptroller must certify the transfer of funds from this account to electric distribution companies, which must apply the funds to reduce residential public benefits charges.