Plain English Breakdown
The official source material does not provide information on the impact of this law beyond tax exemption for headstones up to $2,500.
Law to Reduce Taxes on Headstones
This law removes sales and use taxes for headstones costing up to $2,500.
What This Bill Does
- Removes the sales tax from the cost of a headstone if it is less than or equal to $2,500.
Who It Names or Affects
- People buying headstones for deceased loved ones.
- Businesses selling headstones.
Terms To Know
- Sales tax
- A tax added to the price of goods and services when they are sold.
- Use taxes
- Taxes that must be paid by people who buy items from other states or online without paying sales tax, but use them in Connecticut.
Limits and Unknowns
- The law only applies to headstones costing up to $2,500.
- It does not cover other funeral expenses like burial costs or cremation fees.