Bill Text: CT SB00075 | 2014 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: An Act Increasing The Cap On The Neighborhood Assistance Act Tax Credit Program.

Spectrum: Moderate Partisan Bill (Democrat 11-2-1)

Status: (Vetoed) 2014-06-11 - Vetoed by the Governor [SB00075 Detail]

Download: Connecticut-2014-SB00075-Introduced.html

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General Assembly		Proposed Bill No. 75
February Session, 2014		LCO No. 639
Referred to Committee on COMMERCE
Introduced by:
SEN. LOONEY, 11th Dist.

AN ACT INCREASING THE ANNUAL CAP ON THE NEIGHBORHOOD ASSISTANCE ACT TAX CREDIT PROGRAM.

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

That the general statutes be amended to increase the total amount of all tax credits allowed under the Neighborhood Assistance Act in any fiscal year from five million dollars to ten million dollars.

Statement of Purpose:

To raise the annual cap on the Neighborhood Assistance Act from five million dollars to ten million dollars.