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Key Votes

SB 1 - Amending the Tax Code relating to Bonuses, TARP Recipients, and Small Businesses - Key Vote

Connecticut Key Votes

Elizabeth Esty voted Nay (Passage) on this Legislation.

Read statements Elizabeth Esty made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Vetoed (Executive) -

Title: Amending the Tax Code relating to Bonuses, TARP Recipients, and Small Businesses

Legislation - Bill Passed (House) (89-49) - (Key vote)

Title: Tax Code Amendments

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a bill that decreases taxes for small businesses and establishes a tax on bonuses from the federal Troubled Assets Relief Program.

Highlights:
-Specifies that businesses that make $50,000 or less in the calendar years 2010 and 2011 and employ at least one full-time employee for 8 months or more during the year will be exempt from the taxes required by Section 12-248b of the Connecticut statutes concerning business taxes (Sec. 1). -Defines a "full-time employee" as anyone a business pays to work 35 hours or more a week (Sec. 1). -Establishes that a covered TARP recipient must pay a tax of 8.97 percent on a bonus of $500,000 or more (Sec 2). -Defines a "covered TARP recipient" as any individual that receives funds directly from the federal Troubled Assets Relief Program (TARP) (Sec. 2). -Specifies that any bonuses individuals receive from TARP will be subtracted from that individuals' gross annual income (Sec. 3).
Legislation - Bill Passed (Senate) (21-14) - (Key vote)

Title: Tax Code Amendments

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a bill that decreases taxes for small businesses and establishes a tax on bonuses from the federal Troubled Assets Relief Program.

Highlights:
-Specifies that businesses that make $50,000 or less in the calendar years 2010 and 2011 and employ at least one full-time employee for 8 months or more during the year will be exempt from the taxes required by Section 12-248b of the Connecticut statutes concerning business taxes (Sec. 1). -Defines a "full-time employee" as anyone a business pays to work 35 hours or more a week (Sec. 1). -Establishes that a covered TARP recipient must pay a tax of 8.97 percent on a bonus of $500,000 or more (Sec 2). -Defines a "covered TARP recipient" as any individual that receives funds directly from the federal Troubled Assets Relief Program (TARP) (Sec. 2). -Specifies that any bonuses individuals receive from TARP will be subtracted from that individuals' gross annual income (Sec. 3).
Legislation - Introduced (Senate) -

Title: Tax Code Amendments

Committee Sponsors

Co-sponsors

  • Beth Bye (CT - D) (Out Of Office)
  • Charles 'Don' Clemons Jr. (CT - D) (Out Of Office)
  • Thomas A. 'Tom' Colapietro Jr. (CT - D) (Out Of Office)
  • Eric D. Coleman (CT - D) (Out Of Office)
  • Joseph J. 'Joe' Crisco Jr. (CT - D) (Out Of Office)
  • Eileen M. Daily (CT - D) (Out Of Office)
  • Donald J. 'Don' DeFronzo (CT - D) (Out Of Office)
  • Thomas P. Gaffey (CT - D) (Out Of Office)
  • Edwin A. 'Ed' Gomes (CT - D) (Out Of Office)
  • Gail K. Hamm (CT - D) (Out Of Office)
  • Mary Ann Handley (CT - D) (Out Of Office)
  • Toni N. Harp (CT - D) (Out Of Office)
  • Jonathan A. Harris (CT - D) (Out Of Office)
  • Maryanne 'Annie' Hornish (CT - D) (Out Of Office)
  • Claire L. Janowski (CT - D) (Out Of Office)
  • Karen M. Jarmoc (CT - D) (Out Of Office)
  • Marie Lopez Kirkley-Bey (CT - D) (Out Of Office)
  • Gary Daniel LeBeau (CT - D) (Out Of Office)
  • Joan A. Lewis (CT - D) (Out Of Office)
  • Christopher Brennan Lyddy (CT - D) (Out Of Office)
  • Edward 'Ed' Meyer (CT - D) (Out Of Office)
  • Steven T. 'Steve' Mikutel (CT - D) (Out Of Office)
  • Anthony J. Musto (CT - D) (Out Of Office)
  • Sandra Helen 'Sandy' Nafis (CT - D) (Out Of Office)
  • Edith G. Prague (CT - D) (Out Of Office)
  • Hector Luis Robles (CT - D) (Out Of Office)
  • Peggy Sayers (CT - D) (Out Of Office)
  • Andrea L. Stillman (CT - D) (Out Of Office)
  • Toni Edmonds Walker (CT - D) (Out Of Office)
  • Donald E. Williams Jr. (CT - D) (Out Of Office)
  • Bruce P. 'Zeke' Zalaski (CT - D) (Out Of Office)
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