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Jewelers of America Fights Luxury Tax in Connecticut

Feb 22, 2011 1:10 PM   By Jeff Miller
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RAPAPORT... Jewelers of America  launched a campaign to fight a proposed luxury tax of 3 percent in Connecticut that would be placed upon jewelry priced  at more than  $5,000. The luxury tax was  introduced this past week as part of governor  Dannel Malloy’s proposed 2012 to 2013 state budget.

Malloy’s plans, if passed, would raise the general sales tax from 6 percent to 6.35 percent and jewelry sales of more than $5,000 would then be taxed 9.35 percent. The proposal also eliminates tax-free shopping weeks in the state and the governor added previously untaxed services, such as dog grooming, to the mix.

Jewelers of America  joined the Connecticut Jewelers Association (CJA) to oppose the luxury tax. Both groups urged jewelry businesses in  Connecticut  to write Malloy and their state representatives using Jewelers of America’s “Stop the Luxury Tax on Jewelry in Connecticut!” action alert, which includes suggested talking points on the issue.

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