Sec. 12-630aa. Short title: R.E. Van Norstrand Neighborhood Assistance Act.
Sections 12-630aa to 12-638, inclusive, shall be known as the "R.E. Van Norstrand
Neighborhood Assistance Act". Sec. 12-631. Definitions. As used in this chapter, the following terms have the
following meanings: Sec. 12-632. Lists of eligible programs. Application by businesses. Limitations
on tax credits. (a) On or before September 1, 1995, and on or before July first of each
succeeding year, any municipality desiring to obtain benefits under the provisions of
this chapter shall, after approval by the legislative body of such municipality, submit
to the Commissioner of Revenue Services a list on a form prescribed and made available
by the commissioner of programs eligible for investment by business firms under the
provisions of this chapter. Such activities shall consist of providing neighborhood assistance; job training or education; community services; crime prevention; energy conservation or construction or rehabilitation of dwelling units for families of low and moderate
income in the state; donation of money to an open space acquisition fund of any political
subdivision of the state or any nonprofit land conservation organization which fund
qualifies under subsection (h) of section 12-631 and is used for the purchase of land,
interest in land or permanent conservation restriction on land, which is to be permanently
preserved as protected open space; or any of the activities described in section 12-634,
12-635 or 12-635a. Such list shall indicate, for each program specified: The concept of
the program, the neighborhood area to be served, why the program is needed, the estimated amount required to be invested in the program, the suggested plan for implementing the program, the agency designated by the municipality to oversee implementation
of the program and such other information as the commissioner may prescribe. Each
municipality shall hold at least one public hearing on the subject of which programs
shall be included on such list prior to the submission of such list to the commissioner. Sec. 12-632a. Proration of tax credits, when. If, for any fiscal year, all of the
proposals submitted to the Commissioner of Revenue Services pursuant to section 12-
632 claim tax credits in excess of the limit provided for in subsection (h) of said section
12-632, the commissioner on or before November fifteenth of each year shall prorate
the tax credits, as limited by said subsection (i), for such year among the neighborhood
organizations the programs of which business firms have proposed to contribute to
pursuant to this chapter. Sec. 12-633. Amount of tax credits; generally. The Commissioner of Revenue
Services shall grant a credit against any tax due under the provisions of chapter 207,
208, 209, 210, 211 or 212 in an amount not to exceed forty per cent of the total cash
amount invested during the taxable year by the business firm in programs operated or
created pursuant to proposals approved pursuant to section 12-632, provided a tax credit
not to exceed sixty per cent may be allowed for investment in certain energy conservation
and employment and training projects as provided in section 12-635. Sec. 12-634. Amount of tax credits; child day care facilities. The Commissioner
of Revenue Services shall grant a credit against any tax due under the provisions of
chapter 207, 208, 209, 210, 211 or 212 in an amount not to exceed forty per cent of the
total cash amount invested during the taxable year by the business firm in programs
operated or created pursuant to proposals approved pursuant to section 12-632 for planning, site preparation, construction, renovation or acquisition of facilities for purposes
of establishing a child day care facility to be used primarily by the children of such
business firm's employees and equipment installed for such facility, including kitchen
appliances, to the extent that such equipment or appliances are necessary in the use of
such facility for purposes of child day care, provided: (1) Such facility is operated under
the authority of a license issued by the Commissioner of Public Health in accordance
with sections 19a-77 to 19a-87, inclusive, (2) such facility is operated without profit by
such business firm related to any charges imposed for the use of such facility for purposes
of child day care, and (3) the amount of tax credit allowed any business firm under the
provisions of this section for any income year may not exceed fifty thousand dollars. If
two or more business firms share in the cost of establishing such a facility for the children
of their employees, each such taxpayer shall be allowed such credit in relation to the
respective share, paid or incurred by such taxpayer, of the total expenditures for the
facility in such income year. The commissioner shall not grant a credit pursuant to this
section to any taxpayer claiming a credit for the same year pursuant to section 12-217x. Sec. 12-635. Amount of tax credits; energy conservation, job training and programs serving low-income persons. The Commissioner of Revenue Services shall
grant a credit against any tax due under the provisions of chapter 207, 208, 209, 210,
211 or 212 in an amount not to exceed sixty per cent of the total cash amount invested
during the taxable year by the business firm in programs operated or created pursuant to
proposals approved pursuant to section 12-632 for energy conservation projects directed
toward properties occupied by persons, at least seventy-five per cent of whom are at an
income level not exceeding one hundred fifty per cent of the poverty level for the year
next preceding the year during which such tax credit is to be granted, or at properties
occupied by charitable corporations, foundations, trusts or other entities as determined
under regulations adopted pursuant to this chapter; in employment and training programs
directed at youth, at least seventy-five per cent of whom are at an income level not
exceeding one hundred fifty per cent of the poverty level for the year next preceding
the year during which such tax credit is to be granted; in employment and training
programs directed at handicapped persons as determined under regulations adopted
pursuant to this chapter; in employment and training programs for unemployed workers
who are fifty years of age or older; in education and employment training programs for
recipients in the temporary family assistance program; or in child care services. Any
other program which serves persons at least seventy-five per cent of whom are at an
income level not exceeding one hundred fifty per cent of the poverty level for the year
next preceding the year during which such tax credit is to be granted and which meets
the standards for eligibility under this chapter shall be eligible for tax credit under this
section. Sec. 12-635a. Amount of tax credits; community-based alcoholism prevention
or treatment programs. The Commissioner of Revenue Services shall grant a credit
against any tax due under the provisions of chapter 207, 208, 209, 210, 211 or 212 in
an amount not to exceed forty per cent of the total cash amount invested during the
taxable year by the business firm in community-based alcoholism prevention or treatment programs operated or created pursuant to proposals approved pursuant to section
12-632. Sec. 12-636. Decision of the Commissioner of Revenue Services. The decision
of the Commissioner of Revenue Services to approve or disapprove a proposal pursuant
to the provisions of section 12-632 shall be in writing, and, if he approves the proposal,
he shall state the maximum credit allowable to the business firm. A copy of such decision
shall be attached to the tax return of the business firm upon which the tax credit granted
pursuant to this chapter is claimed. Sec. 12-637. Audit. Section 12-637 is repealed. Sec. 12-637a. Postproject audit required. Municipal agency certification required. Review by commissioner required. Whenever the total funds invested for any
income year by any company or companies in a program conducted by a nonprofit
organization approved under this chapter, are equivalent to twenty-five thousand dollars
or more, the organization conducting such program shall have a postproject audit prepared and submitted for certification to the municipal agency designated to oversee
the implementation of such program. The required certification shall verify that such
expenditures were made in accordance with the program as proposed by such organization and approved by the department. Such audit shall be submitted by the municipal
agency to the Commissioner of Revenue Services, including certification that expenditures were made in accordance with the program as proposed. The commissioner shall
review each postproject audit. If, upon such review, evidence of fraud or embezzlement
is found, the commissioner shall report such information to the state's attorney for the
judicial district in which such audited organization is located. If, upon such review,
evidence of any unsound or irregular financial practice in relation to commonly accepted
accounting standards is found, the commissioner may make an audited organization's
programs ineligible for future investment by business firms under this chapter. Sec. 12-638. Regulations. The Commissioner of Revenue Services, in consultation with the Secretary of the Office of Policy and Management may adopt regulations
in accordance with chapter 54 to implement the provisions of this chapter.
(P.A. 95-268, S. 1, 11.)
History: P.A. 95-268 effective July 6, 1995.
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(a) "Business firm" means any business entity authorized to do business in the state
and subject to the corporation business tax imposed under chapter 208 or to the unincorporated business tax imposed under chapter 228, or any insurance company, hospital
or medical services corporation subject to the insurance companies, hospital and medical
services corporations tax imposed under chapter 207, or any air carrier subject to the air
carriers tax imposed under chapter 209, or any railroad company subject to the railroad
companies tax imposed under chapter 210, or any express, telegraph, telephone, cable,
car or community antenna television company subject to the express, telegraph, telephone, cable, car and community antenna television companies tax imposed under chapter 211, or any utility company subject to the utility companies tax imposed under chapter
212, or any public service company subject to the public service companies tax imposed
under chapter 212a.
(b) "Community services" means any type of counseling and advice, emergency
assistance or medical care furnished to individuals or groups in the state.
(c) "Crime prevention" means any activity which aids in the reduction of crime in
the state.
(d) "Education" means any type of scholastic instruction or scholarship assistance
to any person who resides in the state that enables such person to prepare for better
opportunities, including teaching services donated pursuant to section 10-21c.
(e) "Job training" means any type of instruction to any person who resides in the
state that enables such person to acquire vocational skills to become employable or seek
a higher grade of employment, including training offered pursuant to section 10-21b.
(f) "Neighborhood" means any specific geographic area, urban, interurban, suburban, or rural, which is experiencing problems endangering its existence as a viable and
stable neighborhood.
(g) "Neighborhood assistance" means the furnishing of financial assistance, labor,
material, or technical advice to aid in the physical improvement or rehabilitation of all
or any part of a neighborhood.
(h) "Neighborhood organization" means any organization performing community
services in the state which: (1) Holds a ruling from the Internal Revenue Service of the
United States Department of the Treasury that the organization is exempt from income
taxation under the provisions of the Internal Revenue Code, or (2) is designated as a
community development corporation by the United States government under the provisions of Title VII of the Economic Opportunity Act of 1964, or (3) is incorporated as a
charitable corporation or trust under the provisions of chapter 598a.
(i) "Families of low and moderate income" means families meeting the criteria for
designation as families of low and moderate income established by the Commissioner
of Economic and Community Development pursuant to subsection (f) of section 8-39.
(P.A. 82-469, S. 1, 11; P.A. 83-328, S. 1, 4; P.A. 84-448, S. 3, 5; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6.)
History: P.A. 82-469 effective June 11, 1982, and applicable to income years commencing on or after January 1, 1982;
P.A. 83-328 added Subdiv. (i) defining "families of low and moderate income"; P.A. 84-448 amended Subdiv. (d) to
include teaching services donated pursuant to Sec. 10-21c and amended Subdiv. (e) to include training offered pursuant
to Sec. 10-21b; P.A. 95-250 and P.A. 96-211 replaced Commissioner and Department of Housing with Commissioner and
Department of Economic and Community Development.
(Return to TOC) (Return to Chapters) (Return to Titles)
(b) The Commissioner of Revenue Services shall, on or before September first of
each year, compile a list, categorized by town and by estimated amount of tax credit,
of the programs submitted by municipalities for investment pursuant to the provisions
of subsection (a) of this section. The commissioner shall print sufficient quantities of
such list to facilitate its distribution to business firms upon their request.
(c) Any business firm which desires to engage in any of the activities or programs
approved by any municipality pursuant to subsection (a) of this section and listed pursuant to subsection (b) of this section may apply to the Commissioner of Revenue Services
for a tax credit in an amount as provided in section 12-633, 12-634, 12-635 or 12-
635a. The proposal for such credit which shall be made on a form prescribed and made
available by the commissioner, shall set forth the program to be conducted, the neighborhood area to be invested in, the plans for implementing the program and such other
information as said commissioner may prescribe. Such proposals shall be submitted to
the commissioner on or after September fifteenth but no later than October first of
each year. The commissioner shall refer the proposal to the agency designated by the
municipality to oversee implementation of the program pursuant to the provisions of
subsection (a) of this section, and such agency shall, within thirty days of the date of
referral, approve or disapprove the proposal. Failure of such agency to respond within
thirty days of the date of referral shall be deemed to constitute disapproval of such
proposal. Following such referral and approval or disapproval, such proposals shall
be approved or disapproved by the Commissioner of Revenue Services based on the
compliance of such proposal with the provisions of this chapter, municipal agency approval or disapproval and regulations adopted pursuant to this chapter. The commissioner may only approve proposals received in his office between September fifteenth
and October first of each year, after approval by the municipal agency affected by such
proposal. If, in the opinion of the Commissioner of Revenue Services and the municipality or municipalities affected, a business firm's investment can, for the purposes of this
chapter, be made through contributions to a neighborhood organization as defined in
subsection (h) of section 12-631, tax credits may be allowed in amounts as provided in
section 12-633, 12-634, 12-635 or 12-635a.
(d) Programs which may reasonably be expected to last for more than one year
but not more than two consecutive years may be included on the lists submitted by
municipalities pursuant to the provisions of subsection (a) of this section. Proposals
made in response to such programs pursuant to the provisions of subsection (c) of this
section may require investments to be made in more than one year. Such proposals
shall be considered as a single entity by the Commissioner of Revenue Services, and,
if approved, the commissioner shall reserve appropriate amounts of prospective years'
tax credits for application to such program and proposed investments in the year or years
in which such investments are actually made.
(e) (1) Nothing in this chapter shall be construed to prevent two or more business
firms from participating jointly in one or more programs under the provisions of this
chapter. Such joint investment programs shall be submitted, and acted upon, as a single
proposal by the business firms involved.
(2) In the event that two or more neighborhood organizations which are owned by
the same entity receive investments which would otherwise qualify for a credit under
this chapter, only one such investment shall be eligible for such credit.
(f) The sum of all tax credit granted pursuant to the provisions of section 12-633,
12-634, 12-635 or 12-635a shall not exceed seventy-five thousand dollars annually per
business firm and no tax credit shall be granted to any business firm for any individual
amount invested of less than two hundred fifty dollars.
(g) No tax credit shall be granted to any bank, bank and trust company, insurance
company, trust company, national bank, savings association, or building and loan association for activities that are a part of its normal course of business.
(h) Any tax credit not used in the period during which the investment was made
may be carried backward for the two immediately preceding calendar or fiscal years
until the full credit has been allowed.
(i) In no event shall the total amount of all tax credits allowed to all business firms
pursuant to the provisions of this chapter exceed five million dollars in any one fiscal
year. Three million dollars of the total amount of tax credits allowed shall be granted
to business firms eligible for tax credits pursuant to section 12-635.
(j) Except with respect to the acquisition of open space land, no tax credit shall be
granted to any business firm unless such firm furnishes proof to the Commissioner of
Revenue Services that the amount of funds expended for charitable purposes and for
the support of programs which would be eligible for assistance pursuant to this chapter
by such business firm is not less in the year for which such credit is sought than the
amount expended in the year immediately preceding the year for which such credit is
sought.
(k) No organization conducting a program or programs eligible for funding with
respect to which tax credits may be allowed under this chapter shall be allowed to receive
an aggregate amount of such funding for any such program or programs in excess of
one hundred fifty thousand dollars for any fiscal year.
(P.A. 82-469, S. 2, 11; P.A. 83-328, S. 2, 4; P.A. 84-387, S. 1, 3; 84-448, S. 4, 5; P.A. 85-388, S. 1, 2; 85-613, S. 121,
154; P.A. 86-269, S. 2−5, 10; P.A. 87-429, S. 1, 2, 6; P.A. 89-328, S. 2, 6; P.A. 93-262, S. 1, 87; P.A. 95-268, S. 2, 11;
P.A. 97-251, S. 1, 2; P.A. 99-173, S. 45, 65; 99-235, S. 1, 7.)
History: P.A. 82-469 effective June 11, 1982, and applicable to income years commencing on or after January 1, 1982;
P.A. 83-328 amended Subsec. (a) to add construction or rehabilitation of dwelling units for families of low and moderate
income to the list of eligible programs; P.A. 84-387 added references to Sec. 12-635a, allowing tax credits for certain
amounts invested in community-based alcoholism prevention or treatment programs, and increased total amount of all tax
credits allowed in Subsec. (i) from one million to one million five hundred thousand dollars in any fiscal year, effective
July 1, 1984, and applicable to the total tax credits allowed in the state fiscal year commencing on that date and each fiscal
year thereafter; P.A. 84-448 amended Subsec. (a) deleting provision that job training or education be "for individuals";
P.A. 85-388 amended Subsec. (i) by increasing the maximum total amount of all tax credits that may be allowed to all
business firms under chapter 228a in any one state fiscal year from one million five hundred thousand to two million
dollars, effective July 1, 1985, and applicable to the total of all tax credits allowed under the neighborhood assistance
program in the state fiscal year commencing July 1, 1985, and each fiscal year thereafter; P.A. 85-613 made technical
change, substituting reference to Sec. 12-635a for reference to Sec. 12-365a in Subsec. (f); P.A. 86-269 amended Subsec.
(f) by (1) decreasing the maximum total tax credit that may be granted annually per company under section 12-633, 12-
634 or 12-635a from one hundred thousand to seventy-five thousand dollars and (2) providing that the minimum amount
of investment for which tax credit shall be granted to any company shall be two hundred fifty dollars, amended Subsec.
(i) by increasing the maximum total of all tax credits that may be allowed to all companies investing in programs in any
one year from two million to three million dollars, amended Subsec. (j) by providing that tax credit shall not be granted
to any company unless the amount of funds expended for support of programs eligible for assistance under this chapter is
not less in the year for which credit is sought than the amount expended in the year immediately preceding, and added
Subsec. (k) re maximum amount of funding allowed, effective June 2, 1986, and applicable to income years commencing
on or after January 1, 1986, for companies investing in such programs; P.A. 87-429 amended Subsec. (f) to add the
reference to Sec. 12-635 and made technical change in Subsec. (h), effective July 1, 1987, and applicable to income years
of corporations commencing on or after January 1, 1987; P.A. 89-328 deleted "commissioner of revenue services" as it
appeared in Subsecs. (a) to (d), inclusive, and inserted "commissioner of human resources" in lieu thereof; P.A. 93-262
authorized substitution of commissioner of social services for commissioner of human resources, effective July 1, 1993;
P.A. 95-268 amended Subsec. (a) by requiring a municipality to submit its list of eligible programs on "a form prescribed
and made available by the commissioner", required such lists to be submitted "on or before September 1, 1995 and on or
before July first of each succeeding year" and by requiring such lists to contain "such other information as the commissioner
may prescribe", amended Subsec. (b) by changing the date the Commissioner of Revenue Services shall compile a list of
programs submitted by municipalities for investment from "October first of each year" to "September first of each year"
and deleting a provision requiring the commissioner to give notice of the publishing of such list, amended Subsec. (c) by
requiring a proposal for credit "be made on a form prescribed and made available by the commissioner", by requiring such
proposal to include "such other information as said commissioner may prescribe", by changing the date for submittal of
such proposals from "on or before December first" to "on or after September fifteenth but no later that October first", by
deeming the failure of an agency to respond within thirty days of the date of referral to be a disapproval, by deleting a
provision that a proposal be approved or disapproved by the commissioner within sixty days, by deleting a provision that
a proposal be approved or disapproved on the basis of tax credits remaining in the annual allotment provided in this chapter,
by changing a provision that the commissioner "shall approve proposals in the order in which they are received in his
office" to "may only approve proposals received in his office between September fifteenth and October first of each year"
and by deleting a provision requiring the Commissioner of Social Services to allocate and commit tax credits to a business
firm in an amount of tax credits equal to the estimated amount which would be expended during a year on a proposal if
the commissioner had approved such proposal and if the limit for tax credit for that year had not yet been allocated, amended
Subsec. (d) by allowing programs which last more than a year "but not more than two consecutive years" to be included
on lists submitted by municipalities, amended Subsec. (e) by adding Subdiv. (2) providing that only one investment shall
be eligible for credit if two or more neighborhood organizations which are owned by the same entity receive investments
which would otherwise qualify for a credit, amended Subsec. (h) by changing the period in which a tax credit may be
carried from "forward or backward for the five immediately succeeding or preceding calendar or fiscal years" to "backward
for the two immediately preceding calendar or fiscal years", amended Subdiv. (i) by adding a provision requiring two
million dollars of the total amount of tax credits allowed to be granted to business firms eligible for tax credits pursuant
to Sec. 12-635, amended Subsec. (k) by changing the amount of funding allowed to be received in any fiscal year from
"three hundred thousand dollars" to "one hundred fifty thousand dollars" and replaced references throughout section to
"Commissioner of Social Services" with "Commissioner of Revenue Services", effective July 6, 1995; P.A. 97-251
amended Subsec. (i) to increase total amount of credit from three to four million dollars, effective June 26, 1997, and
applicable to income years commencing on or after January 1, 1998; P.A. 99-173 increased tax credit cap from four to
five million dollars, changing from two to three million dollars the amount granted to business firms eligible for credits
pursuant to Sec. 12-635, and provided a credit for cash donations used to purchase open-space land, effective June 23,
1999, and applicable to income years commencing on or after January 1, 2000; P.A. 99-235 amended Subsec. (a) to delete
provision allowing benefits under section for donation to a state open space acquisition fund, effective June 29, 1999.
(Return to TOC) (Return to Chapters) (Return to Titles)
(P.A. 95-268, S. 3, 11; P.A. 00-174, S. 35, 83.)
History: P.A. 95-268 effective July 6, 1995; P.A. 00-174 made a technical change for conformity with the rest of the
chapter, effective May 26, 2000.
(Return to TOC) (Return to Chapters) (Return to Titles)
(P.A. 82-469, S. 3, 11; P.A. 86-269, S. 6, 10; P.A. 95-268, S. 4, 11.)
History: P.A. 82-469 effective June 11, 1982, and applicable to income years commencing on or after January 1, 1982;
P.A. 86-269 deleted the reference to tax credit allowed for investment in certain day care projects, as provided in section
12-634, and reduced the amount allowed as tax credit for investment in certain energy conservation and employment and
training projects from seventy to sixty per cent of such investment, effective June 2, 1986, and applicable to income years
commencing on or after January 1, 1986, for companies investing in such programs; P.A. 95-268 deleted chapters 212a
and 228 from the chapters which provide for taxes which may be granted a credit and lowered the amount of credit granted
from "fifty per cent of the total amount invested" to "forty per cent of the total cash amount invested", effective July 6, 1995.
(Return to TOC) (Return to Chapters) (Return to Titles)
(P.A. 82-469, S. 4, 11; P.A. 86-269, S. 7, 10; P.A. 89-364, S. 4, 7; P.A. 93-381, S. 9, 39; P.A. 95-257, S. 12, 21, 58;
95-268, S. 5, 11; P.A. 96-139, S. 6, 13; P.A. 97-259, S. 24, 41; 97-295, S. 8, 25; P.A. 98-262, S. 14, 22.)
History: P.A. 82-469 effective June 11, 1982, and applicable to income years commencing on or after January 1, 1982;
P.A. 86-269 increased the percentage of total investment in the establishment of certain child day care facilities allowed
as a tax credit, from thirty per cent of such total to fifty per cent, effective June 2, 1986, and applicable to income years
commencing on or after January 1, 1986, for companies investing in such programs; P.A. 89-364 deleted references to
repealed sections and added the reference to Sec. 17-613, effective July 1, 1989, and applicable to income years of corporations commencing on or after January 1, 1990; P.A. 93-381 replaced commissioner of health services with commissioner
of public health and addiction services, effective July 1, 1993; P.A. 95-257 replaced Commissioner and Department of
Public Health and Addiction Services with Commissioner and Department of Public Health, effective July 1, 1995; P.A.
95-268 deleted chapter 212a from the chapters which provide for taxes which may be granted a credit and lowered the
amount of credit granted from "fifty per cent of the total amount invested" to "forty per cent of the total cash amount
invested", effective July 6, 1995; P.A. 96-139 changed reference to Sec. 17b-743 to Sec. 17b-740, effective May 29, 1996;
P.A. 97-259 increased the amount of the allowable tax credit from ten thousand to fifty thousand dollars, effective July 1,
1997, and applicable to income years commencing on or after January 1, 1998; P.A. 97-295 changed reference from Subsec.
(c) of Sec. 17b-740 to Sec. 12-217x, effective July 8, 1997, and applicable to income years commencing on or after January
1, 1998; P.A. 98-262 revised effective date of P.A. 97-295 to delete conflicting applicability provision.
(Return to TOC) (Return to Chapters) (Return to Titles)
(P.A. 82-469, S. 5, 11; P.A. 83-328, S. 3, 4; P.A. 85-505, S. 4, 21; P.A. 86-269, S. 8, 10; P.A. 95-268, S. 7, 11; P.A.
96-262, S. 1, 11; June 18 Sp. Sess. P.A. 97-2, S. 16, 165.)
History: P.A. 82-469 effective June 11, 1982, and applicable to income years commencing on or after January 1, 1982;
P.A. 83-328 added employment and training programs for unemployed workers who are fifty years of age or older to the
list of programs under this section; P.A. 85-505 added education and employment training programs for recipients in AFDC
program to applicable programs under this section; P.A. 86-269 decreased the percentage of total investment for purposes
of energy conservation projects or certain employment and training programs allowed as a tax credit, from seventy per
cent of such total to sixty per cent, effective June 2, 1986, and applicable to income years commencing on or after January
1, 1986, for companies investing in such programs; P.A. 95-268 deleted chapters 212a and 228 from the chapters which
provide for taxes which may be granted a credit and changed the amount of credit granted from "an amount not to exceed
sixty per cent of the total amount invested" to "an amount not to exceed sixty per cent of the total cash amount invested",
effective July 6, 1995; P.A. 96-262 added child care services to the list of programs under this section, effective July 1,
1996, and applicable to income years commencing on or after January 1, 1997; June 18 Sp. Sess. P.A. 97-2 replaced a
reference to aid to families with dependent children with temporary family assistance, effective July 1, 1997.
(Return to TOC) (Return to Chapters) (Return to Titles)
(P.A. 84-387, S. 2, 3; P.A. 95-268, S. 6, 11.)
History: P.A. 84-387 effective July 1, 1984, and applicable to the total amount of such tax credits allowed in the state
fiscal year commencing on that date and in each fiscal year thereafter; P.A. 95-268 deleted chapters 212a and 228 from
the chapters which provide for taxes which may be granted a credit and lowered the amount of credit granted from "fifty
per cent of the total amount invested" to "forty per cent of the total cash amount invested", effective July 6, 1995.
(Return to TOC) (Return to Chapters) (Return to Titles)
(P.A. 82-469, S. 6, 11; P.A. 89-328, S. 3, 6; P.A. 93-262, S. 1, 87; P.A. 95-268, S. 8, 11.)
History: P.A. 82-469 effective June 11, 1982, and applicable to income years commencing on or after January 1,
1982; P.A. 89-328 replaced "commissioner of revenue services" with "commissioner of human resources"; P.A. 93-262
authorized substitution of commissioner of social services for commissioner of human resources, effective July 1, 1993;
P.A. 95-268 replaced reference to the "Commissioner of Social Services" with "Commissioner of Revenue Services",
effective July 6, 1995.
(Return to TOC) (Return to Chapters) (Return to Titles)
(P.A. 82-469, S. 7, 11; P.A. 86-269, S. 9, 10.)
(Return to TOC) (Return to Chapters) (Return to Titles)
(P.A. 86-269, S. 1, 10; P.A. 89-328, S. 4, 6; P.A. 93-262, S. 1, 87; P.A. 95-268, S. 9, 11.)
History: P.A. 86-269 effective June 2, 1986, and applicable to income years commencing on or after January 1, 1986,
for companies investing in such programs; P.A. 89-328 replaced "commissioner of revenue services" with "commissioner
of human resources"; P.A. 93-262 authorized substitution of commissioner of social services for commissioner of human
resources, effective July 1, 1993; P.A. 95-268 specified that funds must be invested in a program "conducted by a nonprofit
organization", provided that the required certification verify that expenditures were approved by the Department of Revenue
Services, required audits to be submitted by the municipal agency, replaced reference to "Commissioner of Social Services"
with "Commissioner of Revenue Services" and provided for requirements for the commissioner to review each postproject
audit, effective July 6, 1995.
(Return to TOC) (Return to Chapters) (Return to Titles)
(P.A. 82-469, S. 8, 11; P.A. 89-328, S. 5, 6; P.A. 93-262, S. 1, 87; P.A. 95-268, S. 10, 11.)
History: P.A. 82-469 effective June 11, 1982, and applicable to income years commencing on or after January 1,
1982; P.A. 89-328 transferred regulatory authority to the commissioner of human resources, retaining revenue services
commissioner in consultative role and made regulatory authority discretionary where previously it was mandatory; P.A.
93-262 authorized substitution of commissioner of social services for commissioner of human resources, effective July 1,
1993; P.A. 95-268 transferred regulatory authority from Commissioner of Social Services to Commissioner of Revenue
Services and changed reference to consultation with Commissioner of Revenue Services to the Secretary of the Office of
Policy and Management, effective July 6, 1995.
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