Bill Text: CT HB05200 | 2010 | General Assembly | Introduced

Connecticut House Bill 5200 (Prior Session Legislation)

Introduced

Bill Title: An Act Concerning Information From Entities Participating In Tax Credit Programs.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-02-16 - Referred to Joint Committee on Finance, Revenue and Bonding [HB05200 Detail]

Download: Connecticut-2010-HB05200-Introduced.html


General Assembly		*Proposed Bill No. 5200*
*February Session, 2010*		LCO No. 662

Referred to Committee on Finance, Revenue and Bonding
Introduced by:
REP. WRIGHT E., 41st Dist.

AN ACT CONCERNING INFORMATION FROM ENTITIES PARTICIPATING IN TAX CREDIT PROGRAMS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to require the Commissioner of Revenue Services to provide a report to the Business Tax Credit Review Committee that includes the following information about each entity participating in a tax credit program: (1) Name and address; (2) business activities and taxes paid on income from such activities; (3) the tax credit program used and the amount of the credit taken; (4) gross revenues and number of employees; (5) job creation or retention resulting from the use of such credit; (6) new or increased revenues to the state or local tax base from use of such credit; and (7) the amount of investment from nonstate sources that have been leveraged by such credit.

Statement of Purpose:

To provide information on the performance and efficacy of tax credits.