General Assembly Raised Bill No. 5374
February Session, 2012 LCO No. 1703
*_____HB05374VA_FIN031512____*
Referred to Committee on Select Committee on Veterans' Affairs
Introduced by:
(VA)
General Assembly
Raised Bill No. 5374
February Session, 2012
LCO No. 1703
*_____HB05374VA_FIN031512____*
Referred to Committee on Select Committee on Veterans' Affairs
Introduced by:
(VA)
AN ACT ESTABLISHING A VETERANS' FOSTER HOME PILOT PROGRAM.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective from passage and applicable to taxable years commencing on or after January 1, 2012) (a) As used in this section:
(1) "Veteran" has the same meaning as provided in section 27-103 of the general statutes;
(2) "Homeless" means a person (A) living on the streets or in shelters, (B) coming out of a homeless program or transitional housing, or (C) paying more than fifty per cent of income for rent;
(3) "Eligible sponsor" means a person who meets the requirements established by the Commissioner of Veterans' Affairs and who provides transitional housing to a program participant not bearing any familial relation to the eligible sponsor;
(4) "Program participant" means a homeless veteran or a homeless surviving spouse or a homeless minor child, residing in this state, of a veteran who has died either during his or her term of service or after receiving an honorable discharge therefrom. "Program participant" does not include such a surviving spouse who has remarried.
(b) The Department of Veterans' Affairs shall establish a veterans' foster home pilot program that shall provide tax credits for eligible sponsors who provide transitional housing opportunities to homeless veterans and their families. The department shall facilitate contact between eligible sponsors and program participants to provide housing for program participants, establish eligibility requirements for eligible sponsors and program participants, monitor the program for fraud by eligible sponsors or program participants, and distribute tax vouchers to eligible sponsors.
(c) (1) There shall be allowed a credit for eligible sponsors against the tax imposed under chapter 229 of the general statutes, not exceeding five thousand dollars in any one taxable year. An eligible sponsor may only receive one such credit per year and shall not receive subsequent credits for the same program participants.
(2) An eligible sponsor shall apply to the department for a tax credit voucher not earlier than ninety days after providing housing for a program participant, and shall provide with such application such information as the department may require to determine the eligible sponsor's eligibility to claim a credit under this section. If the department determines that an eligible sponsor is eligible for such credit, the department shall enter on the voucher an amount not greater than five thousand dollars and shall issue the voucher to such eligible sponsor. The department shall provide a copy of such voucher to the Commissioner of Revenue Services. An eligible sponsor shall submit such voucher upon filing such sponsor's income tax return.
(d) The commissioner shall submit a report to the joint standing committee of the General Assembly having cognizance of matters relating to veterans' affairs, in accordance with section 11-4a of the general statutes, not later than January 1, 2014. The report shall contain an evaluation of the pilot program's operation and effectiveness including, but not limited to, the number of program participants, the present housing status of program participants, and recommendations for modification, continuation or termination of the program.
This act shall take effect as follows and shall amend the following sections:
Section 1 from passage and applicable to taxable years commencing on or after January 1, 2012 New section
This act shall take effect as follows and shall amend the following sections:
Section 1
from passage and applicable to taxable years commencing on or after January 1, 2012
New section
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VA
Joint Favorable C/R
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