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CT SB00540

Bill

Official Source

Status

Introduced

1/22/2015

Primary Sponsor

Commerce Committee

Click for details

Origin

Senate

2015 General Assembly

AI Summary

  • Increases the aggregate cap on tax credits for insurance reinvestment funds from $150 million to $250 million, while maintaining the $40 million annual cap.

  • Renames "insurance reinvestment funds" to "Invest CT funds" throughout the statute.

  • Effective July 1, 2015, amending Connecticut General Statutes Section 38a-88a.

  • Maintains all existing requirements for fund certification, investment parameters, job creation benchmarks, and reporting obligations for Invest CT funds.

Legislative Description

An Act Increasing The Aggregate Cap On Insurance Reinvestment Fund Tax Credits And Renaming Such Funds Invest Ct Funds.

Last Action

File Number 821

5/14/2015

Committee Referrals

Finance, Revenue and Bonding3/10/2015
Commerce1/22/2015

Full Bill Text

No bill text available