CT SB00263

Eliminates the income tax credit under section 12-217e for manufacturing facilities, service facilities, and eligible facilities for income years commencing on or after January 1, 2018, preventing new credits from being claimed after that date.

Allows existing eligibility certificates issued before July 1, 2018 to continue providing credits through their remaining claim period (up to 10 income years), but no new certificates can be issued for credit purposes after that date.

Modifies section 32-9r to allow eligibility certificates to continue being issued after July 1, 2018, but only for qualification under other tax incentive programs (subdivisions 59 and 60 of section 12-81), not for the section 12-217e credit.

Repeals section 12-217v entirely, effective July 1, 2018.

Effective date of July 1, 2018 for most provisions, with tax credit changes applicable to income years commencing on or after January 1, 2018.