Legislative Panels Considers Taxes; CRMA Keeps Close Watch

Wednesday, September 30, 2015

Even though the state legislature is not in session this fall, several commissions, councils and task forces have been at work tackling specific issues which could have a major impact on Connecticut retail businesses.  CRMA is tracking these discussions – including the State Tax Study Panel and the Commission on Connecticut’s Competitiveness – which will likely recommend new laws and possibly new taxes.

CRMA members have a lot at stake in this process. We are small business owners - the backbone of the state’s economy - creating jobs, paying local property taxes and collecting the state’s sales tax. Our challenge at CRMA is to make sure that task force members fully understand that with business growth, employers are able to maintain employment levels, and hopefully, add jobs. We need a friendly business climate, not only for CRMA members’ business needs, but for all business in the state, in order to achieve sustained growth. 

These task forces are the result of a legislative session earlier this year that included much discussion around the need to reform the state’s tax code to make the state more competitive with surrounding states.  It is our job to consistently remind committee members of the potential impact of any tax changes on CRMA members.

We will keep a close eye on the work of these task forces. This is only the first step in the process, however.  Whatever recommendations they make are likely to need approval when the full legislature convenes.  This is where you can make a difference.  If there are recommendations that will negatively impact Connecticut retailers, you can be sure that we will let them know that quite clearly, but we will also be asking you to lend your voice to that effort. 

As the start of the legislative session in February 2016 approaches, CRMA will keep you up-to-date as we closely monitor what these task forces are deciding, and we will welcome your involvement in our efforts to strongly represent the interests of Connecticut retailers.   

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