Connecticut House Bill HB05568

Connecticut 2015 Regular Session

• Introduced: 1/20/15
• Refer: 1/20/15

Caption

An Act Establishing A Tax Credit For Corporate Support Of Summer Bridge Programs.

Impact

If enacted, HB 5568 would amend existing statutes to formalize this tax credit, thereby encouraging businesses to invest in their local communities through educational engagement. By reducing the financial burden on businesses that commit to supporting these programs, the bill seeks to foster partnerships between the corporate sector and educational institutions. This collaboration is aimed at promoting educational equity and enhancing the overall effectiveness of summer learning environments.

Summary

House Bill 5568 proposes the establishment of a tax credit for businesses that provide support for Summer Bridge Programs. This initiative aims to incentivize corporate participation by offering financial benefits to those who contribute resources or classroom space for these educational initiatives. The primary focus of the bill is to enhance the availability and quality of summer educational opportunities for students, which can be crucial for bridging educational gaps and preventing summer learning loss.

Contention

While the bill has the potential to promote positive educational outcomes, it may also face contention regarding the allocation of state finances. Critics may raise concerns about the effect of tax incentives on state revenue and whether such credits adequately justify the fiscal impact. Additionally, there could be debates on the effectiveness of tax credits in genuinely increasing business support for educational programs versus merely benefiting corporations without significant increases in program funding or quality.