CT SB00115

Permits municipalities to provide a property tax credit to property owners who make voluntary, unrestricted, and irrevocable cash donations to scholarship programs established by the municipality, subject to approval by the municipal legislative body.

Requires the municipal legislative body to consult with the Secretary of the Office of Policy and Management when developing the tax credit program, including establishing eligibility requirements, credit amounts, and scholarship program criteria.

Becomes effective October 1, 2020, and applies to assessment years commencing on or after October 1, 2020.

Creates a new section of statute with no existing sections being amended.