Gov. Ned Lamont and legislative leaders agreed in principle on a sales-tax holiday, free CT Transit bus service for a month and a suspension of the state’s 25-cent-a-gallon retail tax on gasoline until June 30. If passed by the legislature, the state would forgo about $100 million in revenue, providing some relief to taxpayers and election-year talking points to politicians as inflation hits the highest point since the midterm elections of 1982.
If passed by the legislature, the state would forgo about $100 million in revenue, providing some relief to taxpayers and election-year talking points to politicians as inflation hits the highest point since the midterm elections of 1982.
Lamont said the relief provides “a bridge” to the start of the new fiscal year on July 1, when other tax cuts are expected, including a break on motor vehicle taxes that could save some motorists hundreds of dollars.
The proposal by the Democratic governor was welcomed by Democratic and Republican leaders in the General Assembly, though Senate Democrats hedged on a timetable for passage.
