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CT SB00809

Bill

Official Source

Status

Engrossed

5/23/2013

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

Senate

2013 General Assembly

AI Summary

  • Insurance companies and health care centers may transfer tax credits allowed under chapter 207 of the general statutes to their affiliates.

  • Affiliate companies may only use transferred credits against their own tax liability under chapter 207.

  • Insurance companies and affiliates must file required information on forms provided by the Commissioner of Revenue Services on or before the tax return due date to claim transferred credits.

  • The act takes effect July 1, 2013, and applies to calendar years beginning on or after January 1, 2013.

Legislative Description

An Act Allowing The Transfers Of Tax Credits To Insurance Company Affiliates.

Last Action

House Calendar Number 649

5/24/2013

Committee Referrals

Finance, Revenue and Bonding5/1/2013
Insurance and Real Estate1/31/2013

Full Bill Text

No bill text available