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CT SB01201

Bill

Official Source

Status

Introduced

1/30/2025

Primary Sponsor

Sujata Gadkar-Wilcox

Click for details

Origin

Senate

2025 General Assembly

AI Summary

  • Corporations would be prohibited from claiming deductions for commercial real property that has been vacant for more than three years when calculating operating losses

  • Amends Chapter 208 of the Connecticut General Statutes, specifically affecting calculations under Section 12-217

  • Targets corporate tax benefits associated with long-term vacant commercial properties

  • Introduced by Senator Gadkar-Wilcox (22nd District) and referred to the Finance, Revenue and Bonding Committee

Legislative Description

An Act Disallowing Certain Corporate Deductions From Gross Income.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

1/30/2025

Committee Referrals

Finance, Revenue and Bonding1/30/2025

Full Bill Text

No bill text available