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Connecticut levies a 6.35% state sales tax on the retail sale, lease, or rental of most goods. [182] Some items and services in general are not subject to sales and use taxes unless specifically enumerated as taxable by statute. A provision excluding clothing under $50 from sales tax was repealed as of July 1, 2011. [182]
The Yankee Institute has had a historic focus on Connecticut's tax and budget issues. In 1991, during the debate over the adoption of a state income tax, it published A Connecticut Assessment of State Income Taxation: Fueling the Government, Stalling the Economy by Thomas Dye, a professor at Florida State University, about the likely impact of an income tax on the state's economic growth.
A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if ...
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