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HB05538 • 2026

AN ACT CONCERNING A STUDY OF STATE FINANCE POLICIES.

AN ACT CONCERNING A STUDY OF STATE FINANCE POLICIES.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Finance, Revenue and Bonding Committee
Last action
2026-04-16
Official status
File Number 670
Effective date
Not listed

Plain English Breakdown

The official text states the report goes to committees having cognizance of commerce and finance, but does not list specific committee names.

A Study of State Finance Policies

This law requires two state commissioners to study finance policies in this state and nearby states to find ways to improve the state's economic competitiveness.

What This Bill Does

  • Requires the Commissioners of Economic and Community Development and Revenue Services to study finance policies in this state and surrounding states.
  • Asks the commissioners to identify program or law changes that could help develop the state's economic competitiveness.
  • Allows the commissioners to consult with individuals, businesses, and other state agencies during their research.
  • Sets a deadline of January 1, 2027, for the commissioners to submit a report on their findings and recommendations.

Who It Names or Affects

  • The Commissioners of Economic and Community Development
  • The Commissioner of Revenue Services

Limits and Unknowns

  • This law only orders a study; it does not change any current finance rules or taxes right now.
  • The final report will contain recommendations, but this bill does not say if those changes must happen.

Bill History

  1. 2026-04-16 LCO

    Reported Out of Legislative Commissioners' Office

  2. 2026-04-16 Connecticut General Assembly

    Favorable Report, Tabled for the Calendar, House

  3. 2026-04-16 Connecticut General Assembly

    House Calendar Number 444

  4. 2026-04-16 LCO

    File Number 670

  5. 2026-04-10 LCO

    Referred to Office of Legislative Research and Office of Fiscal Analysis 04/15/26 5:00 PM

  6. 2026-04-01 LCO

    Filed with Legislative Commissioners' Office

  7. 2026-03-30 FIN

    Joint Favorable

  8. 2026-03-12 Connecticut General Assembly

    Public Hearing 03/16

  9. 2026-03-11 Connecticut General Assembly

    Referred to Joint Committee on Finance, Revenue and Bonding

Official Summary Text

To require the Commissioners of Economic and Community Development and Revenue Services to study the finance policies of this state and surrounding states.

Current Bill Text

Read the full stored bill text 
House of Representatives
HB5538 / File No. 670 1

General Assembly File No. 670
February Session, 2026 House Bill No. 5538

House of Representatives, April 16, 2026

The Committee on Finance, Revenue and Bonding reported
through REP. HORN of the 64th Dist., Chairperson of the
Committee on the part of the House, that the bill ought to pass.

AN ACT CONCERNING A STUDY OF STATE FINANCE POLICIES.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

Section 1. (Effective from passage) The Commissioners of Economic and 1
Community Development and Revenue Services shall study the finance 2
policies of this state and surrounding states to identify programmatic 3
and legislative changes that may be made to develop the economic 4
competitiveness of the state. The commissioners may consult with any 5
individuals, businesses and state agencies the commissioners deem 6
necessary or appropriate to accomplish the purposes of the study. Not 7
later than January 1, 2027, the commissioners shall submit a report, in 8
accordance with the provisions of section 11 -4a of the general statutes, 9
on the commissioners' findings and recommendations to the joint 10
standing committees of the General Assembly having cognizance of 11
matters relating to commerce and finance, revenue and bonding. 12
This act shall take effect as follows and shall amend the following
sections:

HB5538 File No. 670

HB5538 / File No. 670 2

Section 1 from passage New section

FIN Joint Favorable

HB5538 File No. 670

HB5538 / File No. 670 3

The following Fiscal Impact Statement and Bill Analysis are prepared for the benefit of the members of
the General Assembly, solely for purposes of information, summarization and explanation and do not
represent the intent of the General Assembly or either chamber thereof for any purpose. In general,
fiscal impacts are based upon a variety of informational sources, including the analyst’s professional
knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final
products do not necessarily reflect an assessment from any specific department.

OFA Fiscal Note

State Impact: None
Municipal Impact: None
Explanation
The bill has no fiscal impact by requiring the Departments of
Economic and Community Development (DECD) and Revenue Services
(DRS) to study the finance policies of this state and surrounding states
to identify programmatic and legislative changes that may be made to
develop the economic competitiveness of the state. It is anticipated that
DECD and DRS can produce the study within existing resources.
The Out Years
State Impact: None
Municipal Impact: None

HB5538 File No. 670

HB5538 / File No. 670 4

OLR Bill Analysis
HB 5538

AN ACT CONCERNING A STUDY OF STATE FINANCE POLICIES.

SUMMARY
The Office of Legislative Research does not analyze Special Acts.
COMMITTEE ACTION
Finance, Revenue and Bonding Committee
Joint Favorable
Yea 37 Nay 17 (03/30/2026)