Local Option Taxes

Mayors and First Selectman have went to the state asking for the ability to tax income, retail sales and hotel fees on a local level!

The Connecticut Conference of Municipalities has once again gone to the state looking for ways to increase city revenue. This is a very difficult time in CT and most cities and towns are looking at large deficits. Although legislative action such as this would give local governments some relief, it will pose more stress on the business community that is already stretched thin and the Waterbury Regional Chamber will oppose this legislation. Currently 38 states permit local sales taxes, none of which are New England states, and hopefully we will not be the first.

The Connecticut Conference of Municipalities are also looking to the state to grant additional authorities such as imposing surcharges on city services to the residents and businesses.

As the session goes on we will keep a close eye on this legislation. This could be the year that the Governor and our Legislative Leaders are pressured to pass this legislation so your Chamber of Commerce will work hard to keep you informed and kill this bill.