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CT SB00819

Bill

Official Source

Status

Introduced

2/16/2017

Primary Sponsor

Commerce Committee

Click for details

Origin

Senate

2017 General Assembly

AI Summary

  • Raises the annual cap on tax credits for rehabilitation of certified historic structures from $31.7 million to $60 million per fiscal year
  • Maintains the existing per-project maximum of $4.5 million in tax credits
  • Credits are reserved by the Department of Economic and Community Development upon certification of rehabilitation plans
  • Effective October 1, 2017

Legislative Description

An Act Raising The Annual Cap On Tax Credits For The Rehabilitation Of Certified Historic Structures.

Last Action

Favorable Change of Reference, Senate to Committee on Finance, Revenue and Bonding

3/21/2017

Committee Referrals

Finance, Revenue and Bonding3/16/2017
Commerce2/16/2017

Full Bill Text

No bill text available