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CT SB00329

Bill

Official Source

Status

Introduced

1/22/2015

Primary Sponsor

Leonard Fasano

Click for details

Origin

Senate

2015 General Assembly

AI Summary

  • Establishes a tax credit for persons or entities that donate scholarship funds to support students pursuing degrees that qualify them for manufacturing jobs in NAICS classification sectors 313 to 33999
  • Provides a tax credit equal to 50% of donated amount up to a maximum of $250,000, or 100% of donated amount up to a maximum of $500,000 for scholarships targeting students from municipalities with population over 55,000
  • Caps total manufacturing scholarship tax credits at $3 million per year
  • Aims to promote manufacturing degrees and educational opportunities for city students

Legislative Description

An Act Concerning A Manufacturing Scholarship Tax Credit.

Last Action

Public Hearing 02/19

2/11/2015

Committee Referrals

Commerce1/22/2015

Full Bill Text

No bill text available