Connecticut 2012 Regular Session

Connecticut Senate Bill SB00219 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		General Assembly Raised Bill No. 219
2	2		February Session, 2012 LCO No. 1317
3		-	_____~~SB00219CE_FIN030212~~____
	3	+	01317_______CE_
4	4		Referred to Committee on Commerce
5	5		Introduced by:
6	6		(CE)
7	7
8	8		General Assembly
9	9
10	10		Raised Bill No. 219
11	11
12	12		February Session, 2012
13	13
14	14		LCO No. 1317
15	15
16		-	_____~~SB00219CE_FIN030212~~____
	16	+	01317_______CE_
17	17
18	18		Referred to Committee on Commerce
19	19
20	20		Introduced by:
21	21
22	22		(CE)
23	23
24	24		AN ACT CONCERNING THE NEIGHBORHOOD ASSISTANCE ACT.
25	25
26	26		Be it enacted by the Senate and House of Representatives in General Assembly convened:
27	27
28	28		Section 1. Section 12-633 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2012):
29	29
30	30		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 or 213a in an amount not to exceed sixty 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, provided a tax credit not to exceed one hundred per cent of the total cash amount invested during the taxable year by the business firm may be allowed for investment in certain energy conservation projects as provided in subdivisions (1) and (2) of section 12-635, as amended by this act.
31	31
32	32		Sec. 2. Section 12-634 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2012):
33	33
34	34		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 or 213a in an amount not to exceed sixty 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 planning, site preparation, construction, renovation or acquisition of facilities for purposes of establishing a child day care facility to be used primarily by the children of such business firm's employees and equipment installed for such facility, including kitchen appliances, to the extent that such equipment or appliances are necessary in the use of such facility for purposes of child day care, provided: (1) Such facility is operated under the authority of a license issued by the Commissioner of Public Health in accordance with sections 19a-77 to 19a-87, inclusive, (2) such facility is operated without profit by such business firm related to any charges imposed for the use of such facility for purposes of child day care, and (3) the amount of tax credit allowed any business firm under the provisions of this section for any income year may not exceed fifty thousand dollars. If two or more business firms share in the cost of establishing such a facility for the children of their employees, each such taxpayer shall be allowed such credit in relation to the respective share, paid or incurred by such taxpayer, of the total expenditures for the facility in such income year. The commissioner shall not grant a credit pursuant to this section to any taxpayer claiming a credit for the same year pursuant to section 12-217x.
35	35
36	36		Sec. 3. Section 12-635 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2012):
37	37
38	38		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 or 213a: (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; or (3) 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 handicapped persons as determined under regulations adopted pursuant to this chapter; (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. 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.
39	39
40	40		Sec. 4. Section 12-635a of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2012):
41	41
42	42		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 or 213a in an amount not to exceed sixty per cent of the total cash amount invested during the taxable year by the business firm in community-based alcoholism prevention or treatment programs operated or created pursuant to proposals approved pursuant to section 12-632.
43	43
44	44
45	45
46	46
47	47		This act shall take effect as follows and shall amend the following sections:
48	48		Section 1 October 1, 2012 12-633
49	49		Sec. 2 October 1, 2012 12-634
50	50		Sec. 3 October 1, 2012 12-635
51	51		Sec. 4 October 1, 2012 12-635a
52	52
53	53		This act shall take effect as follows and shall amend the following sections:
54	54
55	55		Section 1
56	56
57	57		October 1, 2012
58	58
59	59		12-633
60	60
61	61		Sec. 2
62	62
63	63		October 1, 2012
64	64
65	65		12-634
66	66
67	67		Sec. 3
68	68
69	69		October 1, 2012
70	70
71	71		12-635
72	72
73	73		Sec. 4
74	74
75	75		October 1, 2012
76	76
77	77		12-635a
78	78
	79	+	Statement of Purpose:
79	80
	81	+	To enable certain business entities to qualify for credits under the Neighborhood Assistance Act.
80	82
81		-	CE Joint Favorable C/R FIN
82		-
83		-	CE
84		-
85		-	Joint Favorable C/R
86		-
87		-	FIN
	83	+	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]