For Immediate Release: Thursday, September 27, 2012
Hartford CT) – The Governor’s Business Tax Policy Task Force today approved its report and recommendations to Governor Dannel P. Malloy to continue creating a simpler, fairer, and smarter tax climate to grow Connecticut’s economy. The Task Force was established by an Executive Order on January 1, 2012 to identify improvements in business taxation, business tax benefits and business tax administration that should be the focus of future legislation and state policy.
“Growing our state economy helps all of us. We must find a way to balance the needs of businesses with the needs of other taxpayers who are already shouldering their fair share,” said Department of Revenue Services (DRS) Commissioner Kevin Sullivan and Department of Economic and Community Development (DECD) Commissioner Catherine Smith, co-chairs of the Task Force. “This report, which followed a very open process of information gathering, listening and discussion, takes us one step closer to that goal and a more competitive Connecticut.
“While Connecticut business taxes in general are comparatively moderate, we can do better.”
The report now goes to Governor Malloy and includes recommendations for legislative and administrative action over the next six years, with some administrative improvements that can begin much sooner.
The report can be viewed here.
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