Connecticut 2018 Regular Session Status: In Committee

SB 475 — AN ACT STUDYING THE EFFECTS OF FEDERAL TAX REFORM ON HEDGE FUNDS AND INVESTMENT MANAGEMENT FIRMS IN THIS STATE.

Last action — FILE NO. 343

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2018 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

10 added · 13 removed

Plain-language change summary

The amendment changed the wording from "the effect" to "the effects" in the title and throughout the bill, indicating a focus on multiple impacts rather than a single outcome. Additionally, the amendment removed specific references to subdivisions for clarity and conciseness in the task force's composition. These changes aim to improve the bill's clarity and enhance the task force's ability to address various aspects of how federal tax reform influences the investment management sector in the state.

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AN ACT STUDYING THE EFFECT OF FEDERAL TAX REFORM ON HEDGE FUNDS AND INVESTMENT MANAGEMENT FIRMS IN THIS STATE.
AN ACT STUDYING THE EFFECTS OF FEDERAL TAX REFORM ON HEDGE FUNDS AND INVESTMENT MANAGEMENT FIRMS IN THIS STATE.
General Assembly   Raised Bill No.
General Assembly   Substitute Bill No.
475 February Session, 2018   LCO No.
475 February Session, 2018   *_____SB00475BA____032118____* AN ACT STUDYING THE EFFECTS OF FEDERAL TAX REFORM ON HEDGE FUNDS AND INVESTMENT MANAGEMENT FIRMS IN THIS STATE.
2174   *02174_______BA_* Referred to Committee on BANKING   Introduced by:
  (BA)   AN ACT STUDYING THE EFFECT OF FEDERAL TAX REFORM ON HEDGE FUNDS AND INVESTMENT MANAGEMENT FIRMS IN THIS STATE.
(Effective from passage) (a) There is established a task force to (1) study the effect of federal tax reform on hedge funds and investment management firms in this state, and (2) make recommendations for modification of state statutes to encourage the growth of the investment management industry in this state.
(Effective from passage) (a) There is established a task force to (1) study the effects of federal tax reform on hedge funds and investment management firms in this state, and (2) make recommendations for modification of state statutes to encourage the growth of the investment management industry in this state.
(c) Any member of the task force appointed under subdivision (1), (2), (3), (4), (5) or (6) of subsection (b) of this section may be a member of the General Assembly.
(c) Any member of the task force appointed under subsection (b) of this section may be a member of the General Assembly.
Section 1 from passage New section Statement of Purpose:
Section 1 from passage New section Statement of Legislative Commissioners:
To study the effects of federal tax reform on hedge funds and investment management firms.
In Section 1(c), "subdivision (1), (2), (3), (4), (5) or (6) of" was deleted for clarity and conciseness.
[Proposed deletions are enclosed in brackets.
BA Joint Favorable Subst.
Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]
-LCO  
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Action History

  1. FILE NO. 343

  2. SENATE CALENDAR NUMBER 216

  3. FAV. RPT., TAB. FOR CAL., SEN.

  4. RPTD. OUT OF LCO

  5. REFERRED TO Office of Legislative Research AND Office of Fiscal Analysis 04/09/18

  6. FILED WITH LCO

  7. Joint Favorable

  8. PUBLIC HEARING 0315

  9. REF. TO JOINT COMM. ON Banking

Sponsors

  • Banking Committee · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 186 not signed on

Sponsors (1)

  • Banking Committee

Co-sponsors (0)

None.

Not signed on (186)

186 members have not signed on to this bill.

Show all 186 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 475?
SB 475 is sponsored by Banking Committee.
What is the current status of SB 475?
This bill died with 2018 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 475?
Track SB 475 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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