Connecticut Seal

General Assembly

Amendment

 

January Session, 2007

LCO No. 8429

   
 

*SB0144008429SRO*

Offered by:

 

SEN. DELUCA, 32nd Dist.

SEN. MCKINNEY, 28th Dist.

SEN. NICKERSON, 36th Dist.

SEN. CALIGIURI, 16th Dist.

SEN. CAPPIELLO, 24th Dist.

SEN. DEBICELLA, 21st Dist.

SEN. FASANO, 34th Dist.

SEN. FREEDMAN, 26th Dist.

SEN. GUGLIELMO, 35th Dist.

SEN. HERLIHY, 8th Dist.

SEN. KISSEL, 7th Dist.

SEN. RORABACK, 30th Dist.

To: Subst. Senate Bill No. 1440

File No. 868

Cal. No. 561

After the last section, add the following and renumber sections and internal references accordingly:

"Sec. 501. Subsection (b) of section 12-704c of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage and applicable to taxable years commencing on or after January 1, 2007):

(b) The credit allowed under this section shall not exceed two hundred fifteen dollars for the taxable year commencing on or after January 1, 1997, and prior to January 1, 1998; for taxable years commencing on or after January 1, 1998, but prior to January 1, 1999, three hundred fifty dollars; for taxable years commencing on or after January 1, 1999, but prior to January 1, 2000, four hundred twenty-five dollars; for taxable years commencing on or after January 1, 2000, but prior to January 1, 2003, five hundred dollars; for taxable years commencing on or after January 1, 2003, three hundred fifty dollars; for taxable years commencing on or after January 1, 2005, but prior to January 1, 2006, three hundred fifty dollars; [and] for taxable years commencing on or after January 1, 2006, but prior to January 1, 2007, five hundred dollars; and for taxable years commencing on or after January 1, 2007, one thousand five hundred dollars. In the case of any husband and wife who file a return under the federal income tax for such taxable year as married individuals filing a joint return, the credit allowed, in the aggregate, shall not exceed such amounts for each such taxable year. "