| 11 | 11 | | |
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| 12 | 12 | | AN ACT EXPANDING THE NEIGHBORHOOD ASSISTANCE ACT. |
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| 13 | 13 | | |
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| 14 | 14 | | Be it enacted by the Senate and House of Representatives in General Assembly convened: |
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| 15 | 15 | | |
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| 16 | 16 | | Section 1. Subsection (a) of section 12-631 of the 2012 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2012): |
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| 17 | 17 | | |
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| 18 | 18 | | (a) "Business firm" means any business entity authorized to do business in the state and subject to the tax due under the provisions of chapter 207, 208, 209, 210, 211, 212, [or] 213a or 229. |
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| 19 | 19 | | |
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| 20 | 20 | | Sec. 2. (NEW) (Effective July 1, 2012) For a business firm authorized to do business in the state and subject to the tax due under the provisions of chapter 229 of the general statutes, if such business firm is an S corporation or an entity treated as a partnership for federal income tax purposes, the shareholders or partners of such firm may claim any credit granted under the provisions of chapter 228a of the general statutes. If such business firm is a single member limited liability company that is disregarded as an entity separate from its owner, the limited liability company's owner may claim any credit granted under the provisions of chapter 228a of the general statutes. |
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| 21 | 21 | | |
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| 22 | 22 | | Sec. 3. Section 12-633 of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage and applicable to taxable years commencing on or after January 1, 2012): |
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| 23 | 23 | | |
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| 24 | 24 | | 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, 213a or 229, other than the liability imposed by section 12-707, 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. |
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| 25 | 25 | | |
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| 26 | 26 | | Sec. 4. Section 12-634 of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage and applicable to taxable years commencing on or after January 1, 2012): |
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| 27 | 27 | | |
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| 28 | 28 | | 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, 213a or 229, other than the liability imposed by section 12-707, 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. |
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| 29 | 29 | | |
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| 30 | 30 | | Sec. 5. Section 12-635 of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage and applicable to taxable years commencing on or after January 1, 2012): |
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| 31 | 31 | | |
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| 32 | 32 | | 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, 213a or 229, other than the liability imposed by section 12-707: (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. |
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| 33 | 33 | | |
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| 34 | 34 | | Sec. 6. Section 12-635a of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage and applicable to taxable years commencing on or after January 1, 2012): |
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| 35 | 35 | | |
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| 36 | 36 | | 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, 213a or 229, other than the liability imposed by section 12-707, 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. |
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| 37 | 37 | | |
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| 38 | 38 | | |
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| 39 | 39 | | |
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| 40 | 40 | | |
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| 41 | 41 | | This act shall take effect as follows and shall amend the following sections: |
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| 42 | 42 | | Section 1 July 1, 2012 12-631(a) |
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| 43 | 43 | | Sec. 2 July 1, 2012 New section |
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| 44 | 44 | | Sec. 3 from passage and applicable to taxable years commencing on or after January 1, 2012 12-633 |
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| 45 | 45 | | Sec. 4 from passage and applicable to taxable years commencing on or after January 1, 2012 12-634 |
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| 46 | 46 | | Sec. 5 from passage and applicable to taxable years commencing on or after January 1, 2012 12-635 |
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| 47 | 47 | | Sec. 6 from passage and applicable to taxable years commencing on or after January 1, 2012 12-635a |
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| 48 | 48 | | |
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| 49 | 49 | | This act shall take effect as follows and shall amend the following sections: |
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| 50 | 50 | | |
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| 51 | 51 | | Section 1 |
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| 52 | 52 | | |
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| 53 | 53 | | July 1, 2012 |
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| 54 | 54 | | |
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| 55 | 55 | | 12-631(a) |
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| 56 | 56 | | |
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| 57 | 57 | | Sec. 2 |
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| 58 | 58 | | |
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| 59 | 59 | | July 1, 2012 |
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| 60 | 60 | | |
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| 61 | 61 | | New section |
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| 62 | 62 | | |
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| 63 | 63 | | Sec. 3 |
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| 64 | 64 | | |
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| 65 | 65 | | from passage and applicable to taxable years commencing on or after January 1, 2012 |
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| 66 | 66 | | |
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| 67 | 67 | | 12-633 |
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| 68 | 68 | | |
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| 69 | 69 | | Sec. 4 |
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| 70 | 70 | | |
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| 71 | 71 | | from passage and applicable to taxable years commencing on or after January 1, 2012 |
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| 72 | 72 | | |
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| 73 | 73 | | 12-634 |
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| 74 | 74 | | |
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| 75 | 75 | | Sec. 5 |
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| 76 | 76 | | |
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| 77 | 77 | | from passage and applicable to taxable years commencing on or after January 1, 2012 |
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| 78 | 78 | | |
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| 79 | 79 | | 12-635 |
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| 80 | 80 | | |
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| 81 | 81 | | Sec. 6 |
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| 82 | 82 | | |
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| 83 | 83 | | from passage and applicable to taxable years commencing on or after January 1, 2012 |
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| 84 | 84 | | |
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| 85 | 85 | | 12-635a |
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| 86 | 86 | | |
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| 87 | 87 | | |
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| 88 | 88 | | |
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| 89 | 89 | | FIN Joint Favorable Subst. |
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