General Assembly Proposed Bill No. 620
January Session, 2017 LCO No. 1717
*01717*
Referred to Committee on COMMERCE
Introduced by:
SEN. FASANO, 34th Dist. SEN. WITKOS, 8th Dist.
General Assembly
Proposed Bill No. 620
January Session, 2017
LCO No. 1717
*01717*
Referred to Committee on COMMERCE
Introduced by:
SEN. FASANO, 34th Dist.
SEN. WITKOS, 8th Dist.
AN ACT INCREASING LEGISLATIVE OVERSIGHT OF THE FIRST FIVE PLUS PROGRAM AND THE URBAN AND INDUSTRIAL SITE REINVESTMENT PROGRAM.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That title 32 of the general statutes be amended to (1) remove the exemption from legislative approval for first five plus projects under section 32-4l of the general statutes, and (2) require approval by each chamber of the General Assembly to allow any tax credits exceeding twenty million dollars under the urban and industrial site reinvestment program, established pursuant to section 32-9t of the general statutes.
Statement of Purpose:
To increase legislative oversight of large, state-funded development projects and tax credits.