SB 497 — AN ACT ESTABLISHING A TASK FORCE TO STUDY ISSUES RELATING TO THE REPEAL OF THE MOTOR VEHICLE PROPERTY TAX.

Substitute Senate GeneralBill Assembly File No.

422497 JanuarySpecial Session,Act 2023 Substitute Senate Bill No.

49723-24 Senate,AN AprilACT 4,ESTABLISHING 2023A TheTASK CommitteeFORCE onTO PlanningSTUDY andISSUES DevelopmentRELATING reportedTO throughTHE SEN.REPEAL OF THE MOTOR VEHICLE PROPERTY TAX.

RAHMAN of the 4th Dist., Chairperson of the Committee on the part of the Senate, that the substitute bill ought to pass.

AN ACT ESTABLISHING A TASK FORCE TO STUDY ISSUES RELATING TO THE REPEAL OF THE MOTOR VEHICLE PROPERTY TAX.

sSB497(1) /One Fileappointed No.by the speaker of the House of Representatives, who is a representative of a nonprofit organization that advocates for taxation reform;

422(2) 1Two sSB497appointed Fileby the president pro tempore of the Senate, one of Substitute Senate Bill No.

422497 (1)whom Oneis appointeda byrepresentative theof speakera ofnonprofit theorganization Housethat ofadvocates Representatives,for policies that benefit individuals who isare afifty representativeyears of aage nonprofitor organizationolder, thatand advocatesone forwho taxationshall reform;have expertise in data analytics;

(2) Two appointed by the president pro tempore of the Senate, one of whom is a representative of a nonprofit organization that advocates for policies that benefit individuals who are fifty years of age or older, and one who shall have expertise in data analytics;

(c) All initial appointments to the task force shall be made not later sSB497thanthirty /daysafter Filetheeffective No.date ofthis section.Any vacancy shall be filled by the appointing authority.

422Special 2Act sSB497 File No.

42223-24 thanthirty2 daysafterof theeffective3 dateSubstitute ofthisSenate section.AnyBill vacancyNo. shall be filled by the appointing authority.

497 (d) The speaker of the House of Representatives and the president pro tempore of the Senate shall select the chairpersons of the task force from among the members of the task force.

ThisApproved actJune shall28, take2023 effectSpecial asAct followsNo. and shall amend the following sections:

Section23-24 13 fromof passage3 New section PD Joint Favorable Subst.

sSB497 / File No.

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422 The following Fiscal Impact Statement and Bill Analysis are prepared for the benefit of the members of the General Assembly, solely for purposes of information, summarization and explanation and do not represent the intent of the General Assembly or either chamber thereof for any purpose.

In general, fiscal impacts are based upon a variety of informational sources, including the analyst’s professional knowledge.

Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.

OFA Fiscal Note State Impact:

None Municipal Impact:

None Explanation The bill establishes a task force to study the feasibility of repealing the motor vehicle property tax resulting in no fiscal impact to the state because the task force has the expertise to meet the requirements of the bill.

The Out Years State Impact:

None Municipal Impact:

None sSB497 / File No.

422 4 sSB497 File No.

422 OLR Bill Analysis sSB 497 AN ACT ESTABLISHING A TASK FORCE TO STUDY ISSUES RELATING TO THE REPEAL OF THE MOTOR VEHICLE PROPERTY TAX.

SUMMARY The Office of Legislative Research does not analyze Special Acts.

COMMITTEE ACTION Planning and Development Committee Joint Favorable Substitute Yea 14 Nay 7 (03/22/2023) sSB497 / File No.

422 5