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CT HB05006

Bill

Official Source

Status

Introduced

2/8/2012

Primary Sponsor

Christopher Coutu

Click for details

Origin

House of Representatives

2012 General Assembly

AI Summary

  • Creates a tax credit for corporations and business entities that donate to scholarship programs for low-income students attending nonpublic schools in Norwalk, Danbury, New Haven, Bridgeport, Hartford, New Britain, Bristol, Norwich, New London, Waterbury, or Wallingford
  • Extends tax credit eligibility to donations supporting students with special needs attending schools anywhere in Connecticut
  • Tax credit equals 70% of the donation amount or $50,000, whichever is less
  • Aggregate tax credits available statewide cannot exceed $500,000 in any calendar year
  • Amends Connecticut General Statutes chapters 207 and 229

Legislative Description

An Act Concerning Tax Credits For Corporations That Donate To Scholarship Programs For Students At Nonpublic Schools.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/8/2012

Committee Referrals

Finance, Revenue and Bonding2/8/2012

Full Bill Text

No bill text available