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CT HB05985

Bill

Official Source

Status

Introduced

1/22/2025

Primary Sponsor

Kai Belton

Click for details

Origin

House of Representatives

2025 General Assembly

AI Summary

  • Creates a new Community Endowment Fund in Connecticut to receive private contributions
  • Establishes a tax credit program to incentivize contributions to the fund
  • Fund proceeds would support nonprofit infrastructure throughout the state
  • Fund proceeds would also be used to meet local community needs
  • Introduced by Rep. Belton (100th District) and referred to the Finance, Revenue and Bonding Committee

Legislative Description

An Act Establishing A Community Endowment Fund And Tax Credit Program For Contributions To Said Fund.

Last Action

Public Hearing 02/26

2/20/2025

Committee Referrals

Finance, Revenue and Bonding1/22/2025

Full Bill Text

No bill text available