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CT HB05174

Bill

Official Source

Status

Introduced

2/16/2012

Primary Sponsor

Lawrence Cafero

Click for details

Origin

House of Representatives

2012 General Assembly

AI Summary

  • Provides a tax credit for out-of-state companies that relocate to Connecticut and purchase commercial real estate
  • Tax credit amount equals the state portion of the real estate conveyance tax paid by the seller at the time of purchase
  • Municipal portions of the real estate conveyance tax remain unaffected by the credit
  • Aims to promote new business and job creation throughout Connecticut

Legislative Description

An Act Concerning A Tax Credit For Businesses Relocating To This State And Purchasing Property Here.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/16/2012

Committee Referrals

Finance, Revenue and Bonding2/16/2012

Full Bill Text

No bill text available