CT SB00448

Requires state agencies administering tax credits to implement results-based analysis and accountability measures for those credits, effective July 1, 2014.

Mandates each state agency develop baseline graphs by January 1, 2015, identifying the target group, the condition being addressed, and a statistical indicator to measure impact.

Requires agencies to project how the statistical indicator is expected to change over five years, comparing projections with and without the tax credit for existing programs.

Mandates annual updates to baseline graphs starting January 1, 2016, submitted to the joint standing committee on finance, revenue and bonding, showing actual changes and comparing results to original projections.

Excludes tax credits under sections 12-704c and 12-704d from these accountability requirements.