Bill Text: CT HB05583 | 2018 | General Assembly | Comm Sub

Connecticut House Bill 5583 (Prior Session Legislation)

Bill Title: An Act Concerning A Tax Credit For Employers That Employ Individuals Convicted Of A Felony And Allowing Access To The Neighborhood Assistance Act Tax Credit By Certain Business Firms.

Spectrum: Committee Bill

Status: (Introduced - Dead) 2018-04-17 - File Number 539 [HB05583 Detail]

Download: Connecticut-2018-HB05583-Comm_Sub.html


General Assembly		*Raised Bill No. 5583*
*February Session, 2018*		LCO No. 3222
		_____HB05583FIN___040618____
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
(FIN)

AN ACT CONCERNING A TAX CREDIT FOR EMPLOYERS THAT EMPLOY INDIVIDUALS CONVICTED OF A FELONY AND ALLOWING ACCESS TO THE NEIGHBORHOOD ASSISTANCE ACT TAX CREDIT BY CERTAIN BUSINESS FIRMS.

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

Section 1. (NEW) (Effective July 1, 2019, and applicable to income or taxable years commencing on or after July 1, 2019) (a) Any employer that employs an individual who was convicted of a felony, such employment beginning within one year from the date of such individual's date of conviction or release date from the custody of the Department of Correction, may claim a credit against the tax imposed under chapter 208 or 229 of the general statutes, as applicable.

(b) For the first year of such individual's employment, the amount of such credit shall be equal to twenty-five per cent of such individual's wages paid during such year, up to a maximum of ten thousand dollars. For the second year of such individual's employment, the amount of such credit shall be equal to ten per cent of such individual's wages paid during such year, up to a maximum of five thousand dollars. The employer may claim the credit even if the period of such individual's employment is for less than one year.

(c) Any credit allowed under this section but not used by the employer may be carried forward to the two succeeding income or taxable years, as applicable. An employer that claims a credit under this section shall provide any documentation required by the Commissioner of Revenue Services in a form and manner prescribed by said commissioner.

Sec. 2. Section 12-635 of the 2018 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2018):

(a) The Commissioner of Revenue Services shall grant a credit against any tax due under the provisions of chapter 207, 208, 209, 210, 211 or 212: (1) In an amount not to exceed one hundred per cent of the total cash amount invested during the taxable year by the business firm in programs operated or created pursuant to proposals approved pursuant to section 12-632 for energy conservation projects directed toward properties occupied by persons, at least seventy-five per cent of whom are at an income level not exceeding one hundred fifty per cent of the poverty level for the year next preceding the year during which such tax credit is to be granted; (2) in an amount equal to one hundred per cent of the total cash amount invested during the taxable year by the business firm in programs operated or created pursuant to proposals approved pursuant to section 12-632 for energy conservation projects at properties owned or occupied by charitable corporations, foundations, trusts or other entities as determined under regulations adopted pursuant to this chapter; (3) in an amount equal to one hundred per cent of the total cash amount invested during the taxable year by the business firm in a comprehensive college access loan forgiveness program located in an "educational reform district" as defined in section 10-262u, that has established minimum eligibility criteria including, but not limited to, years of enrollment in the educational reform district, grade point average, attendance record and loan forgiveness prerequisite; [or] (4) in an amount not to exceed sixty per cent of the total cash amount invested during the taxable year by the business firm (A) in employment and training programs directed at youths, at least seventy-five per cent of whom are at an income level not exceeding one hundred fifty per cent of the poverty level for the year next preceding the year during which such tax credit is to be granted; (B) in employment and training programs directed at persons with physical disabilities; (C) in employment and training programs for unemployed workers who are fifty years of age or older; (D) in education and employment training programs for recipients in the temporary family assistance program; or (E) in child care services; or (5) in an amount equal to sixty per cent of the total cash amount invested during the taxable year by the business firm in any nonprofit organization that hires individuals released from the custody of the Department of Correction.

(b) Any other program which serves persons at least seventy-five per cent of whom are at an income level not exceeding one hundred fifty per cent of the poverty level for the year next preceding the year during which such tax credit is to be granted and which meets the standards for eligibility under this chapter shall be eligible for a tax credit under this section in an amount equal to sixty per cent of the total cash invested by the business firm in such program.


This act shall take effect as follows and shall amend the following sections:
Section 1	July 1, 2019, and applicable to income or taxable years commencing on or after July 1, 2019	New section
Sec. 2	July 1, 2018	12-635