Connecticut 2021 Regular Session

Connecticut House Bill HB05273 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 694 1 of 1
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55 General Assembly Proposed Bill No. 5273
66 January Session, 2021
77 LCO No. 694
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1010 Referred to Committee on FINANCE, REVENUE AND
1111 BONDING
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1414 Introduced by:
1515 REP. ROJAS, 9th Dist.
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1919 AN ACT ESTABLISHING A CONNECTICUT NEW MARKETS TAX
2020 CREDIT PROGRAM.
2121 Be it enacted by the Senate and House of Representatives in General
2222 Assembly convened:
2323
2424 That the general statutes be amended to establish a Connecticut New 1
2525 Markets Tax Credit program and tax credit for qualifying investments 2
2626 made in the Connecticut Health and Educational Facilities Authority 3
2727 Community Development Corporation, to provide nonprofit 4
2828 organizations that serve low-income communities in the state with 5
2929 capital to expand economic development in such communities. 6
3030 Statement of Purpose:
3131 To establish a state New Markets Tax Credit program and tax credit for
3232 qualifying investments made in the Connecticut Health and Educational
3333 Facilities Authority Community Development Corporation to expand
3434 economic development in low-income communities.