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CT HB05070

Bill

Official Source

Status

Introduced

2/11/2020

Primary Sponsor

Jason Doucette

Click for details

Origin

House of Representatives

2020 General Assembly

AI Summary

  • Amends Chapter 228z of the General Statutes to increase the affected business entity tax credit
  • Increases the credit rate to 93.01% for the first $1 million of income subject to the affected business entity tax
  • Applies only to income up to $1 million; income above that threshold remains under existing credit provisions
  • Referred to the Committee on Finance, Revenue and Bonding during the February 2020 session
  • Introduced by Rep. Doucette of the 13th District

Legislative Description

An Act Increasing The Amount Of The Affected Business Entity Tax Credit For Certain Income.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/11/2020

Committee Referrals

Finance, Revenue and Bonding2/11/2020

Full Bill Text

No bill text available