ERIC Number: ED084628
Record Type: Non-Journal
Publication Date: 1972-Dec-18
Reference Count: N/A
State of Connecticut: The Report of the Governor's Commission on Tax Reform. Volume III--Taxpayers: People and Business.
Governor's Commission on Tax Reform, Hartford, CT.
The Commission made an in depth study of the entire tax structure of Connecticut and developed a model for tax reform for the State that would allow for lessening of inequalities for many classes of taxpayers and create a more favorable climate for industry to increase employment for Connecticut people. This volume (the third of three) is in three parts. The first part reviews State-level taxation on individuals. It evaluates the impact of the sales tax, compares it to other States, and offers an alternative to the present 7 percent rate. A review of the need for a personal income tax is contained in this section, and recommendations against its adoption are presented. This first part also contains the Commission program for elimination of the tax on dividends, while increasing the tax on net long-term capital gains. The second part describes the need for business tax reform and offers programs designed to stimulate business expansion, retooling, modernization of equipment, etc.--all designed to create more jobs for Connecticut workers. The final part sets forth a variety of procedural reforms designed to simplify the revenue code and appeals procedures. (Author/JF)
Connecticut State Tax Department, 92 Farmington Avenue, Hartford, CT 06105 ($1.00, Complete Report $3.00)
Publication Type: N/A
Education Level: N/A
Authoring Institution: Governor's Commission on Tax Reform, Hartford, CT.
Identifiers - Location: Connecticut