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T
he 2018 Connecticut legislative session is underway.
This year is a short session, running from February 7 to
May 9; it will be over before we know it.
One of the great advocacy challenges for our profession is
that much of the legislative session takes place right when
many CPAs and accounting professionals are facing their
busiest times of the year. Things move very quickly during
the short session, and often there are only days or hours
to react when a proposal comes forward that may have a
profound impact on the profession. Therefore, we ask that
you act quickly if we send you a legislative alert and
ask you to reach out to your legislators. Please don't
underestimate the impact that your phone calls and emails
make in the legislative process.
Here are some key advocacy areas of interest in the next
few months:
Federal Tax Reform's Impact in Connecticut
Federal tax reform means that many people in Connecticut
will be paying more. In the short session, the bulk of the bills
are intended to be of a fiscal nature. The governor was out
of the gate early in announcing his budget adjustment plan,
which includes measures intended to neutralize the negative
impact of the federal tax reform package on Connecticut
residents. The state legislature has also indicated an interest
in adopting legislation to address similar concerns.
We'll share the information regarding any proposals that
come forward so you will have an opportunity to comment
on them as they come before the Finance, Revenue, and
Bonding Committee.
CTCPA CPE Reciprocity Legislative Initiative
The CTCPA will be spearheading a continuing profession-
al education (CPE) reciprocity measure during this legis-
lative session that is supported by the Connecticut State
Board of Accountancy. Given the fact that Connecticut is a
small state bordered by three others, we have a number of
members who hold multiple state CPA licenses and must
comply with various CPE regulations in each state. This
measure would eliminate administrative burdens by re-
quiring CPE reporting only in a CPA's home state, while
still upholding our state's strict licensing standards.
Other Issues to Watch
Members have asked us to pay attention to other measures
before the legislature that will impact businesses and the
economy. Specific issues we expect to be debated include:
Sales tax on services Although this has not been
formally proposed as of press time, our sources indicate
that sales tax on services may yet again become an
issue in this legislative session. Read our informational
handout on the detrimental impact this type of tax could
pose at www.ctcpas.org/salestaxservices.
Employer issues We'll be watching developments
related to paid family medical leave, private right of
action in certain workers' compensation issues, and
healthcare and insurance regulations.
Transportation funding This will be a major issue this
year. A number of projects Connecticut has planned
are on hold because of the state's fiscal situation. Two
funding mechanisms already being discussed at great
length are tolls and increasing the gas tax.
Economic growth The state's economy is on
everyone's mind. We will be paying close attention to
developments and lend our voice and expertise in areas
where we can support initiatives that will help grow
Connecticut's economy.
We will share developments on these issues and more as
soon as they are available. If you have any questions, please
reach out. We're here to help.
C
apitol
C
orner
We've got our eye on happenings at the Capitol! If it will affect you,
your company, or your clients, we'll keep you updated.
Read the latest at www ctcpas.org/CapitolCorner.
Your CTCPA team at the Capitol on Opening Day of the 2018 session.
Pictured (from left) are Communications Manager Kirsten Piechota,
Communications Coordinator Caitlin Bailey O'Neill, Executive Director
Bonnie Stewart, and Public Affairs Director Mark Zampino.
Executive Director
Bonnie Stewart
bonnies@ctcpas.org
860-258-0214
Public Affairs Director
Mark Zampino
markz@ctcpas.org
860-258-0212
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Connecticut CPA
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March/April 2018