General Assembly Proposed Bill No. 775, introduced by SEN. LOONEY of the 11th District, aims to amend chapter 219 of the general statutes. The bill proposes that the additional one percent sales and use taxes imposed on meals sold by an eating establishment, caterer, or grocery store should be distributed to the municipalities where the revenue was generated. This change would ensure that the localities benefiting from the sale of meals receive the corresponding tax revenue.

The purpose of the bill is to reallocate the additional one percent tax on meals to the municipalities where the sales occurred. This would potentially provide local governments with increased revenue derived from their own community's eating establishments, caterers, and grocery stores. The bill has been referred to the Committee on FINANCE, REVENUE AND BONDING for consideration. There are no specific insertions or deletions from the current law mentioned in the text provided.