CT SB00361

Municipalities may establish a property tax credit for property owners making voluntary, unrestricted, and irrevocable cash donations to municipally-established scholarship programs, subject to local legislative body approval.

Each municipality's legislative body must consult with the Secretary of the Office of Policy and Management to determine eligibility requirements, credit amounts, and scholarship program criteria.

The act takes effect October 1, 2019, and applies to assessment years commencing on and after October 1, 2019.

Participation is optional for municipalities and requires local legislative approval before implementation.