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CT HB05018

Bill

Official Source

Status

Introduced

1/9/2013

Primary Sponsor

Commerce Committee

Click for details

Origin

House of Representatives

2013 General Assembly

AI Summary

  • Establishes a tax credit for businesses that contribute to scholarships enabling Connecticut students to attend regional community-technical colleges for manufacturing certificate programs
  • Requires a minimum contribution of $2,500, with the credit equal to 10% of contributions above that minimum amount
  • Caps the annual credit per taxpayer at $5,000 and limits total credits statewide to $500,000 per fiscal year
  • Allows unused credits to be carried forward for up to five succeeding income years
  • Effective July 1, 2013, applicable to income years beginning on or after January 1, 2013

Legislative Description

An Act Establishing A Tax Credit For Businesses That Provide Scholarships For Manufacturing Training Programs.

Last Action

Favorable Change of Reference, Senate to Committee on Finance, Revenue and Bonding

4/1/2013

Committee Referrals

Finance, Revenue and Bonding3/26/2013
Commerce1/9/2013

Full Bill Text

No bill text available