Source: https://www.cga.ct.gov/2008/fna/2008HB-05825-R00LCO06001-FNA.htm
Timestamp: 2019-08-19 22:32:18
Document Index: 622699277

Matched Legal Cases: ['§ 585', '§587', '§ 588', '§ 590', '§ 591', '§ 592']

sHB-5825
LCO No.: 6001
File Copy No.: 494
House Calendar No.: 296
508(b)
508(d )
508(e)
508(g)
514( c)
517(a)
522(a)
530(a) (b) (c)
Reduces principle of the Tobacco and Health Trust Fund by $1 million in FY 09. Under current law, the balance in the fund would be $28.1 million as of 6/30/09. It should be noted that a $1million transfer from the fund to DSS for the CHOICES program is repealed within section 593 of the amendment below.
542(b)
546(b )
555(c )
572(a)
572(b)
572(c ) (1)
572(c ) (2)
572(d)
572(e)
572(g)
572(h)
572(i)
572(j)
572(k)
Upto $82 million of federal funds received by the Department of Social Services during FY 08 for expenditures for Managed Care Organization payment delays for the HUSKY program or for costs related to implementing Medicaid provider rate increases is deemed received in FY 09
576(a) (b)
§§ 585 & 586 – JOB CREATION TAX CREDITS
§587 – BUSINESS ENTITY TAX
§§ 588 &589 – ESTATE AND GIFT TAXES
§ 590 – TEMPORARY REDUCTION IN MOTOR FUEL TAX
The amendment is anticipated to result in a one-time Transportation Fund revenue loss to the motor Fuels Tax of $25 million in FY 09. It should be noted that Section 593 of the amendment transfers an additional $55 million from the General Fund to the Transportation Fund to accommodate this policy change.
§§ 591 – PETROLEUM PRODUCTS GROSS EARNINGS TAX CHANGES
§ 592 – PETROLEUM PRODUCTS GROSS EARNINGS TAX REVENUE TRANSFERS TO THE SPECIAL TRANSPORTATION FUND