Finance Committee Delays Car Tax Cut, Extends Corporation Tax Surcharge

By SUSAN HAIGH,  Associated Press

HARTFORD, Conn. (AP) _ The legislature’s tax-writing committee has approved a revenue package that delays the governor’s proposal to slash car taxes, extends a surcharge on Connecticut’s corporation tax and creates a tax amnesty program.

But lawmakers stressed that the final decision on taxes won’t be made until legislative leaders reach a final budget agreement with Gov. Dannel P. Malloy.

Friday’s 31-17 vote by the Finance Revenue and Bonding Committee on the tax bill, coupled with the expected approval of a spending bill by the Appropriations Committee, sets the stage for the full-fledged budget negotiations. Some groups are pushing for lawmakers to raise taxes on the wealthy as a way to avoid affecting hospitals caring for the needy.

The tax bill scraps Malloy’s plan to restore a sales tax exemption on clothing and footwear.

(© Copyright 2013 The Associated Press. All Rights Reserved.)

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