General Assembly Proposed Bill No. 734
January Session, 2017 LCO No. 3239
*03239*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. SUZIO, 13th Dist.
General Assembly
Proposed Bill No. 734
January Session, 2017
LCO No. 3239
*03239*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. SUZIO, 13th Dist.
AN ACT ESTABLISHING A TAX DEDUCTION FOR CONTRIBUTIONS TO A CITIZENS IN NEED ACCOUNT.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to (1) establish a citizens in need account to (A) pay for social services that have been reduced or eliminated due to budgetary constraints, and (B) receive voluntary taxpayer contributions, and (2) permit contributions to said account to be eligible for a two hundred per cent deduction toward the calculation of taxable income for state income tax purposes.
Statement of Purpose:
To provide tax relief while restoring social services that have been reduced or eliminated due to budgetary constrictions.