| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | LCO No. 1995 1 of 2 | |
| 4 | 4 | ||
| 5 | 5 | General Assembly Proposed Bill No. 778 | |
| 6 | 6 | January Session, 2025 | |
| 7 | 7 | LCO No. 1995 | |
| 8 | 8 | ||
| 9 | 9 | ||
| 10 | 10 | Referred to Committee on HOUSING | |
| 11 | 11 | ||
| 12 | 12 | ||
| 13 | 13 | Introduced by: | |
| 14 | 14 | SEN. CICARELLA, 34th Dist. | |
| 15 | 15 | SEN. GORDON, 35th Dist. | |
| 16 | 16 | ||
| 17 | 17 | ||
| 18 | 18 | ||
| 19 | 19 | ||
| 20 | 20 | AN ACT ESTABLISHING A TAX CREDIT AND AWARDING HOUSING | |
| 21 | 21 | UNIT-EQUIVALENT POINTS FOR THE CONVERSION OF | |
| 22 | 22 | COMMERCIAL AND INDUSTRIAL PROPERTIES FOR RESIDENTIAL | |
| 23 | 23 | USE. | |
| 24 | 24 | Be it enacted by the Senate and House of Representatives in General | |
| 25 | 25 | Assembly convened: | |
| 26 | 26 | ||
| 27 | 27 | That the general statutes be amended to (1) establish a tax credit for 1 | |
| 28 | 28 | owners who convert commercial or industrial buildings into residential 2 | |
| 29 | 29 | or mixed-use developments in an amount equivalent to ten per cent of 3 | |
| 30 | 30 | the qualified conversion expenditures; (2) require that ten per cent of the 4 | |
| 31 | 31 | units in such residential or mixed-use development be affordable 5 | |
| 32 | 32 | housing; and (3) award any municipality one-quarter housing unit-6 | |
| 33 | 33 | equivalent point for each unrestricted dwelling unit created in such 7 | |
| 34 | 34 | residential or mixed-use development for which the municipality issues 8 | |
| 35 | 35 | a certificate of occupancy. 9 | |
| 36 | 36 | Statement of Purpose: | |
| 37 | 37 | To provide certain tax credits for the conversion of commercial or | |
| 38 | 38 | industrial buildings into residential or mixed-use developments, | |
| 39 | 39 | require that ten per cent of such units be affordable housing and award Proposed Bill No. 778 | |
| 40 | 40 | ||
| 41 | 41 | ||
| 42 | 42 | LCO No. 1995 2 of 2 | |
| 43 | 43 | ||
| 44 | 44 | a municipality one-quarter housing unit-equivalent point for each | |
| 45 | 45 | unrestricted dwelling unit created by such conversion. |