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CT SB00755

Bill

Official Source

Status

Introduced

1/17/2025

Primary Sponsor

Jeff Gordon

Click for details

Origin

Senate

2025 General Assembly

AI Summary

  • Creates a tax credit against the corporation business tax for developers who build residential dwelling units above existing retail properties
  • Credit equals 10% of qualified construction expenditures for each additional floor constructed above the retail property
  • Maximum credit applies to three additional floors above the retail property
  • Amends chapter 208 of the general statutes (corporation business tax provisions)

Legislative Description

An Act Establishing A Tax Credit For The Construction Of Residential Units Above Retail Property.

Last Action

Referred to Joint Committee on Housing

1/17/2025

Committee Referrals

Housing1/17/2025

Full Bill Text

No bill text available