SB 336 - Neighborhood Assistance Tax Credit

• Repeals and replaces Section 12-635 of general statutes, effective January 1, 2017 for income years commencing on or after that date

• Allows tax credits up to 100% of cash investments in energy conservation projects for properties where at least 75% of residents are at or below 150% of poverty level

• Establishes 100% tax credit for cash investments in comprehensive college access loan forgiveness programs located in educational reform districts with defined eligibility criteria

• Provides up to 60% tax credit for investments in employment and training programs for youth, disabled persons, unemployed workers age 50+, temporary family assistance recipients, and child care services

• Adds new 60% tax credit for investments in other programs serving populations at or below 150% of poverty level, including educational scholarships for students in accredited private, nonprofit K-12 schools in the state