Connecticut 2012 Regular Session

Connecticut House Bill HB05006 Compare Versions

Only one version of the bill is available at this time.
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11 General Assembly Proposed Bill No. 5006
22 February Session, 2012 LCO No. 50
33 Referred to Committee on Finance, Revenue and Bonding
44 Introduced by:
55 REP. COUTU, 47th Dist.
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77 General Assembly
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99 Proposed Bill No. 5006
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1111 February Session, 2012
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1313 LCO No. 50
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1515 Referred to Committee on Finance, Revenue and Bonding
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1717 Introduced by:
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1919 REP. COUTU, 47th Dist.
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2121 AN ACT CONCERNING TAX CREDITS FOR CORPORATIONS THAT DONATE TO SCHOLARSHIP PROGRAMS FOR STUDENTS AT NONPUBLIC SCHOOLS.
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2323 Be it enacted by the Senate and House of Representatives in General Assembly convened:
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2525 That chapters 207 and 229 of the general statutes be amended to create a tax credit for corporations or business entities that donate to scholarship programs for low-income students to attend (1) nonpublic schools located in Norwalk, Danbury, New Haven, Bridgeport, Hartford, New Britain, Bristol, Norwich, New London, Waterbury or Wallingford, or (2) schools for students with special needs located anywhere in Connecticut in the amount of seventy per cent of the full amount of the donation or fifty thousand dollars, whichever is less, and that the aggregate amount of all credits available in any calendar year shall not exceed five hundred thousand dollars.
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2727 Statement of Purpose:
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2929 To allow corporations and business entities to receive a tax credit for donations to scholarship funds that allow low-income students to attend nonpublic schools or schools for students with special needs.