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CT HB05468

Bill

Official Source

Status

Introduced

3/5/2020

Primary Sponsor

Finance, Revenue and Bonding Committee

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Origin

House of Representatives

2020 General Assembly

AI Summary

  • Increases the aggregate annual limit on tax credits for historic structure rehabilitation from $31 million to $41.7 million per fiscal year.

  • Maintains the existing per-project cap of $4.5 million for any single rehabilitation project.

  • Amends Connecticut General Statutes section 10-416c(i) to modify tax credit reservations made by the Department of Economic and Community Development upon certification of rehabilitation plans.

  • Takes effect July 1, 2020.

Legislative Description

An Act Increasing The Aggregate Amount Of Tax Credits For The Rehabilitation Of Historic Structures.

Last Action

Public Hearing 03/16

3/11/2020

Committee Referrals

Finance, Revenue and Bonding3/5/2020

Full Bill Text

No bill text available