LCO No. 694 1 of 1
General Assembly Proposed Bill No. 5273
January Session, 2021
LCO No. 694
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. ROJAS, 9th Dist.
AN ACT ESTABLISHING A CONNECTICUT NEW MARKETS TAX
CREDIT PROGRAM.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the general statutes be amended to establish a Connecticut New 1
Markets Tax Credit program and tax credit for qualifying investments 2
made in the Connecticut Health and Educational Facilities Authority 3
Community Development Corporation, to provide nonprofit 4
organizations that serve low-income communities in the state with 5
capital to expand economic development in such communities. 6
Statement of Purpose:
To establish a state New Markets Tax Credit program and tax credit for
qualifying investments made in the Connecticut Health and Educational
Facilities Authority Community Development Corporation to expand
economic development in low-income communities.