CT SB01080

Increases business tax credits for community development investments from 60% to 80% of total cash invested, effective July 1, 2015, for programs including child care facilities, energy conservation, employment training, and alcoholism prevention programs.

Removes the previous 100% tax credit allowance for certain energy conservation projects, replacing it with an 80% credit cap across all energy conservation categories.

Adds an alternative income tax relief option allowing individuals to seek relief from joint return liability under new subsection (f) of section 12-702a if inequitable to hold them liable, independent of other relief provisions.

Requires employers to file copies of employee wage statements with the Commissioner of Revenue Services by January 31st, in addition to furnishing statements to employees.

Changes regulatory authority from mandatory ("shall") to discretionary ("may") for the Commissioner to adopt joint return relief procedures under section 12-702a.