On February 9, 2009, the Connecticut Legislature held a public hearing regarding on House Bill 6349, An Act Concerning Sales Tax on Services (the “Bill”). The Bill would eliminate the current exemption from the sales tax for professional, insurance, and personal services transactions found in Conn. Gen. Stat. § 12-412(11) and would specifically add professional, insurance, occupational, and personal service transactions to those services that are subject to the state’s sales and use tax under Conn. Gen. Stat. § 12-407(a)(37). If passed in its current form, the bill would be applicable to sales occurring on and after April 1, 2009. We will continue to follow the Bill and provide further updates on InsureReinsure.com.
To see the full text of House Bill 6349, click here.
