Connecticut Tax Relief Bills Hearing This Friday

0:00It's March 27th. I'm Cory with the story, and this is Hartford News today, local news powered by AI. The Connecticut Legislature's Finance, Revenue, and Bonding Committee is set to hold a public hearing on 13 tax relief bills this Friday. These measures aim to tackle affordability head-on, now that the session is more than halfway done. The spotlight falls on Senate Bill 1, which pushes for sales tax breaks on clothes under $100, school supplies, some appliances, and ready-to-eat foods like sandwiches from grocery stores. Senate Bill 2 targets business costs by dropping sales tax on gas and electricity for certain manufacturers and companies. It also splits extra revenue from a 1% tax on restaurant and catered meals, sending half to the state tourism fund and half back to local towns. House Bill 5570 would give dairy farmers a refundable credit when federal milk prices dip below production costs. Dairy producers have impressing lawmakers hard this session, as rising utility and supply

1:03expenses squeeze their margins while milk prices fall. Families and homeowners could see breaks too, like bigger income tax credits for property or car taxes, support for elder care, rent payments, and full deductions on social security benefits no matter your income. Other key proposal, Senate Bill 513, sets up a streamlined system for employers to handle tax payments centrally. That efficiency could save money to cut public benefits charges on electric bills and boost retirement plan contributions through payroll. The hearing kicks off Friday at 11am in Room 2E of the legislative office building in Hartford, where folks can weigh in on easing these. Every day financial pressures.