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CT SB00328

Bill

Official Source

Status

Introduced

1/22/2015

Primary Sponsor

Leonard Fasano

Click for details

Origin

Senate

2015 General Assembly

AI Summary

  • Establishes a community development tax credit program providing tax credits to persons or entities investing in start-up companies located in municipalities with per capita income below the statewide average
  • Tax credit equals fifty percent of each investment with a maximum of one million dollars per taxpayer
  • Program includes an annual cap of ten million dollars overall
  • Designed to support economic development in disadvantaged communities

Legislative Description

An Act Concerning A Community Development Tax Credit.

Last Action

Public Hearing 02/19

2/11/2015

Committee Referrals

Commerce1/22/2015

Full Bill Text

No bill text available