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CT HB05070

Bill

Official Source

Status

Introduced

2/14/2022

Primary Sponsor

Jason Doucette

Click for details

Origin

House of Representatives

2022 General Assembly

AI Summary

  • Amends Connecticut General Statutes chapter 228z to increase the affected business entity tax credit rate to 93.01% for the first $500,000 of taxable income
  • Applies the increased credit rate only to income up to $500,000, with different rates applicable to income above that threshold
  • Referred to the Committee on Finance, Revenue and Bonding
  • Introduced by Rep. Doucette (13th District) during the February 2022 legislative session

Legislative Description

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

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/14/2022

Committee Referrals

Finance, Revenue and Bonding2/14/2022

Full Bill Text

No bill text available