CT SB00124

Establishes a "citizens in need account" within the General Fund to receive charitable contributions for assisting Connecticut residents whose social services benefits were reduced due to state budgetary constraints, with funds expended by the Comptroller in consultation with the Commissioner of Social Services.

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

Prohibits account funds from being used for administrative purposes and authorizes the Commissioner of Social Services to adopt regulations establishing eligibility criteria for programs receiving funds and disbursement procedures.

Adds contributions to the citizens in need account as a new deduction item (clause xxvi) in the Connecticut adjusted gross income calculation under Chapter 229 of the general statutes.

Effective July 1, 2019, and applicable to taxable years commencing on or after January 1, 2019.