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CT SB00040

Bill

Official Source

Status

Introduced

2/4/2010

Primary Sponsor

Sam Caligiuri

Click for details

Origin

Senate

2010 General Assembly

AI Summary

  • Creates a corporate business tax credit for corporations that donate to scholarship programs for nonpublic school students
  • Limits the credit to a maximum of $50,000 per corporation with a statewide annual cap of $5 million
  • Restricts scholarship eligibility to children whose family income does not exceed 300% of the federal poverty level based on family size
  • Allows scholarship funds to be used only for tuition payments
  • Referred to the Committee on Finance, Revenue and Bonding

Legislative Description

An Act Concerning A Tax Credit For Corporations That Donate To A Scholarship Program For Nonpublic School Students.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/4/2010

Committee Referrals

Finance, Revenue and Bonding2/4/2010

Full Bill Text

No bill text available