AN ACT INCREASING THE DUES TAX EXEMPTION THRESHOLD FOR CLUB DUES AND INITIATION FEES.

SB 793 increases the tax exemption threshold for club dues and initiation fees from $100 to $250 annually. This change directly affects members of clubs (such as country clubs or professional associations) who pay dues or fees above $100 but below $250, making those amounts tax-exempt. The bill amends Section 12-543 of the general statutes to implement this higher threshold. It does not alter tax rates but expands the portion of club dues exempt from taxation.