The proposed bill, General Assembly Proposed Bill No. 2, aims to support local commerce by amending chapter 219 of the general statutes. It introduces two key provisions: first, it exempts the sale of electricity and natural gas from sales and use taxes for commercial and industrial customers with gross incomes of less than ten million dollars. This exemption is intended to reduce operational costs for smaller businesses, thereby potentially lowering prices for consumers.

Additionally, the bill proposes to allocate the revenue generated from an additional one percent sales tax on meals. Specifically, it stipulates that fifty percent of this revenue will be deposited into the Tourism Fund, while the remaining fifty percent will be distributed to the municipalities where the meal purchases occur. This dual allocation aims to bolster local economies and support tourism initiatives.