CT HB05421

Adds a new "support Connecticut arts and culture account" as an option for taxpayers to direct their income tax refunds, alongside existing accounts for organ transplants, AIDS research, endangered species, breast cancer research, and higher education savings plans.

Requires the Commissioner of Revenue Services to revise tax return forms to include space for taxpayers to indicate contributions to the arts and culture account, with descriptions of its purposes included in tax return instructions.

Establishes the arts and culture account as a separate, nonlapsing account within the General Fund to be administered by the Department of Economic and Community Development for promoting artistic and cultural activities.

Limits promotional spending from the account to no more than 10 percent of the previous fiscal year's collected funds, with an exception allowing up to $15,000 in reimbursements before July 1, 2017.

Allows the Commissioner of Revenue Services to retain up to 7.5 percent of collected funds annually to cover implementation costs, pending approval from the Secretary of the Office of Policy and Management.