General Assembly Substitute Bill No. 323
January Session, 2015 *_____SB00323CE_FIN031015____*
General Assembly
Substitute Bill No. 323
January Session, 2015
*_____SB00323CE_FIN031015____*
AN ACT INCREASING THE ANNUAL CAP ON THE NEIGHBORHOOD ASSISTANCE ACT TAX CREDIT PROGRAM.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Subsection (i) of section 12-632 of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2015):
(i) In no event shall the total amount of all tax credits allowed to all business firms pursuant to the provisions of this chapter exceed [five] ten million dollars in any one fiscal year. [Three] Not less than three million dollars of the total amount of tax credits allowed shall be granted to business firms eligible for tax credits pursuant to section 12-635.
This act shall take effect as follows and shall amend the following sections:
Section 1 July 1, 2015 12-632(i)
This act shall take effect as follows and shall amend the following sections:
Section 1
July 1, 2015
12-632(i)
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