CT SB00414

Establishes a "citizens in need account" as a separate, nonlapsing account within the General Fund to assist state residents whose social services benefits have been reduced due to budgetary constraints.

Allows taxpayers to make charitable contributions to the citizens in need account and claim a tax deduction of 200% of the contribution amount from adjusted gross income for Connecticut income tax purposes.

Authorizes the Comptroller, in consultation with the Commissioner of Social Services, to expend moneys from the account to assist eligible residents, with funds prohibited from being used for administrative purposes.

Grants the Commissioner of Social Services authority to adopt regulations establishing standards for eligible social services programs, disbursement methods, amounts, and schedules for distributions from the account.

Adds the tax deduction amount for citizens in need account contributions as a new deduction item (clause xxiv) in the Connecticut income tax code, effective July 1, 2018, for taxable years commencing on or after January 1, 2018.