| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | LCO No. 1432 1 of 1 | |
| 4 | 4 | ||
| 5 | 5 | General Assembly Proposed Bill No. 755 | |
| 6 | 6 | January Session, 2025 | |
| 7 | 7 | LCO No. 1432 | |
| 8 | 8 | ||
| 9 | 9 | ||
| 10 | 10 | Referred to Committee on HOUSING | |
| 11 | 11 | ||
| 12 | 12 | ||
| 13 | 13 | Introduced by: | |
| 14 | 14 | SEN. GORDON, 35th Dist. | |
| 15 | 15 | ||
| 16 | 16 | ||
| 17 | 17 | ||
| 18 | 18 | AN ACT ESTABLISHING A TAX CREDIT FOR THE CONSTRUCTION | |
| 19 | 19 | OF RESIDENTIAL UNITS ABOVE RETAIL PROPERTY. | |
| 20 | 20 | Be it enacted by the Senate and House of Representatives in General | |
| 21 | 21 | Assembly convened: | |
| 22 | 22 | ||
| 23 | 23 | That chapter 208 of the general statutes be amended to establish a tax 1 | |
| 24 | 24 | credit applicable against the corporation business tax for developers 2 | |
| 25 | 25 | who construct residential dwelling units above existing retail property 3 | |
| 26 | 26 | in an amount equivalent to ten per cent of the qualified construction 4 | |
| 27 | 27 | expenditures for each additional floor above the retail property for a 5 | |
| 28 | 28 | maximum of three additional floors. 6 | |
| 29 | 29 | Statement of Purpose: | |
| 30 | 30 | To establish a tax credit for the construction of dwelling units above | |
| 31 | 31 | existing retail property. |