Bill Text: CT SB00540 | 2015 | 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 Aggregate Cap On Insurance Reinvestment Fund Tax Credits And Renaming Such Funds Invest Ct Funds.

Spectrum: Committee Bill

Status: (Introduced - Dead) 2015-05-14 - File Number 821 [SB00540 Detail]

Download: Connecticut-2015-SB00540-Introduced.html

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General Assembly		Proposed Bill No. 540
January Session, 2015		LCO No. 2199
		*02199*
Referred to Committee on COMMERCE
Introduced by:
SEN. LOONEY, 11th Dist. SEN. DUFF, 25th Dist.

AN ACT INCREASING THE CAP ON THE INSURANCE REINVESTMENT FUND TAX CREDIT PROGRAM.

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

That section 38a-88a of the general statutes be amended to increase the lifetime cap on insurance reinvestment fund tax credits by fifty million dollars while retaining the annual cap.

Statement of Purpose:

To increase the maximum amount of insurance reinvestment tax credits in order to promote business and job growth.