Please do not leave this page until complete. This can take a few moments.
The budget deal reached last week by the state legislature takes away a sales tax exemption for fluorescent light bulbs and residential weatherization products.
The exemption was made permanent by the legislature in 2007. The elimination of the exemption will produce an estimated $3.6 million in revenue for the state budget this fiscal year and $7.5 million in fiscal year 2017, according to the Office of Fiscal Analysis.
Residential weatherization products include programmable thermostats, various Energy Star-rated appliances, efficient oil furnaces and boilers, and other equipment.
The legislature’s budget deal, which Gov. Dannel Malloy is expected to sign, also exempts propane used primarily for heating purposes from the state’s petroleum products gross earnings tax. That will create a revenue loss of less than $100,000, OFA said.
That concession is aimed at appeasing propane retailers and customers with propane generators, which have not been exempt, despite the fact that they are mostly used for exempt purposes within the home, CT News Junkie reported.
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Learn moreHartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
SubscribeDelivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments