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CT HB05852

Bill

Official Source

Status

Introduced

1/24/2013

Primary Sponsor

Roland Lemar

Click for details

Origin

House of Representatives

2013 General Assembly

AI Summary

  • Enables the New Haven Medical District to use Multiple State/Local Tax Increment Financing (MTIF) combining property tax, sales, and income taxes
  • Dedicates 40 percent of blended state and local tax revenue streams to the medical district
  • Allows revenue to supplement cash flows and finance infrastructure and gap financing projects
  • Provides additional financing options for growth of the medical district

Legislative Description

An Act Concerning The Financing Of The New Haven Medical District.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

1/24/2013

Committee Referrals

Finance, Revenue and Bonding1/24/2013

Full Bill Text

No bill text available