Conn. Gov. Pushes $450M Tax Reform Package

Law360, New York (March 13, 2014, 3:06 PM EDT) -- Connecticut Gov. Dannel Malloy’s administration urged lawmakers Thursday to pass a $450 million tax reform package that includes tax refunds, a sales tax exemption for nonprescription drugs, an extended angel investor credit, and a separate measure adding tax reporting requirements for hedge fund partners.

Officials from Malloy's administration pushed for passage of the governor's tax proposals during a hearing of the Connecticut Finance, Revenue and Bonding Committee. Calls for tax reform come as state officials, thanks to modest improvements to the state's economy, project a $1...
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