GAY-RIGHTS GROUP DISPUTES REPORT ON COST OF CT CIVIL UNIONS: From the Associated Press

A gay rights group on Tuesday challenged a state report that said civil unions could cost Connecticut about $1 million in tax revenues.

The state's nonpartisan Office of Fiscal Analysis determined that Connecticut would lose revenue from its inheritance tax because gay spouses would be able to inherit property tax-free.

But an economist at the University of Massachusetts, Lee Badgett, said she believes Connecticut would actually gain about $3 million in revenue if gay couples are allowed to marry. That number drops to about $2 million if Connecticut decides to allow civil unions. ...

Badgett said the agency overestimated how many couples would seek a civil union. She said the tax revenue loss would be offset by other revenue increases, such as increased sales taxes paid for wedding-related services.

more
posted by Eve at 5:42 PM | link

0 Comments:

Post a Comment

<< Home