CT SB00960

Repeals the service facility tax credit under section 12-217e, eliminating a credit that allowed 15-50% of tax based on number of new employees hired at service facilities

Retains the manufacturing facility tax credit at 25% of allocable tax, with enhanced 50% credit for facilities in enterprise zones or entertainment districts that meet employment thresholds of 150 full-time employees or 30% local hiring

Extends manufacturing facility tax credit eligibility to "eligible facilities" under section 32-9p effective for income years commencing January 1, 2012 and later, on the same terms as manufacturing facilities

Updates section 32-9r to clarify language regarding eligibility certificates and references the amended section 12-217e, effective July 1, 2015

Effective dates: July 1, 2015 for manufacturing facility provisions (applicable to tax years beginning January 1, 2015 and later) and July 1, 2015 for eligibility certificate provisions