LEGISLATIVE ALERT hartford, CT Annual Home Building Industry Day (HBID) at the Capitol April 3, 2018 The HBRA of CT hosts the Home Building Industry Day at the Capitol to create visibility for the building industry and helps builders connect with policy makers. Whether you’re a builder, remodeler, contractor, or trades person— it allows residents and business owners from all over Connecticut to come together and voice their opinions on key issues that are affecting today’s industry. AGENDA: 7:45am - 8:10am: Registration & Breakfast 8:10am - 9:00am: Issues Briefing 9:00am - 12:30pm: Meeting with Legislators REGISTER It's more important now than ever before to develop relationships with your legislators and explain how certain laws and regulations are negatively impacting our industry. The Connecticut legislative session is underway and there are many major issues going through the committee process. We need your help contacting your legislators on issues that affect our industry and your businesses. CT STATE BUDGET Governor Malloy’s budget proposal earlier this month included a series of new taxes and fees as a means of closing Connecticut's $245 million budget deficit. The governor's proposed taxes and fees were submitted to the General Assembly in a bill titled SB 10. The bill includes: • A hike in the tax on real estate conveyances from .75 to .85, and 1.25 to 1.4 percent. • Installing tolls on Connecticut highways. Contrary to popular belief, these will not be installed on the borders, but rather throughout the state. Read why here. • A new tax on nonprescription drugs and medicines. • A new CT Tire Tax of $3 per tire. • 7 cent increase in the gas tax to be phased in between 20192022. Unfortunately Connecticut already has the 6th highest gas taxes in the nation • A penalty on businesses by maintaining a temporary surcharge on the corporation tax that was due to expire June 30. • The elimination of the $500 credit on the income tax for recent college graduates who earn a degree in a science, technology, engineering, or math field. • Write an email to: FINtestimony@cga.ct.gov with a subject line “SB10” and CC: your legislator on the email. (Look up your legislator here). Your testimony can be 1 sentence or multiple paragraphs. Speak from your experiences Sign your name, town of residence and we encourage you to mention you are a member of the HBRA of Fairfield County Thank you for taking a few minutes to advocate on behalf of our industry. Any questions or concerns call Jackie at 203.335.7008 or email at Jackie@buildfairfieldcounty.com. MARCH 2018 | HBRA of Fairfield County 17
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