Senate Bill No. 1115
               Senate Bill No. 1115

              PUBLIC ACT NO. 97-251


AN  ACT  RAISING  THE  LIMIT  ON  THE NEIGHBORHOOD
ASSISTANCE ACT.


    Be  it  enacted  by  the  Senate  and House of
Representatives in General Assembly convened:
    Section  1.  Subsection  (i) of section 12-632
of  the  general  statutes  is  repealed  and  the
following is substituted in lieu thereof:
    (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 [three]
FOUR million dollars in any one fiscal  year.  Two
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.
    Sec.  2.  This  act shall take effect from its
passage and shall be applicable  to  income  years
commencing on or after January 1, 1998.

Approved June 26, 1997