Connecticut Governor Dannel Malloy (D) and Connecticut General Assembly Democratic leaders have agreed on a revised budget plan which includes several items affecting the sales and use tax. The governor’s revised budget would:
1) Restore some sales and use tax exemptions that were originally proposed for elimination
2) Restore the August sales tax holiday and the sales and use tax exemptions for coupons and automobile trade-ins
3) Last, but definitely not least, it would would institute an “Amazon law,” requiring out-of-state online retailers to collect sales and use tax on purchases made as a result of referrals from in-state affiliates.
Final versions of the proposal are expected to be released on Wednesday 4/27, with the Senate likely to vote on Friday followed by the House on Monday.