Connecticut Seal

General Assembly

File No. 487

    January Session, 2013

Substitute Senate Bill No. 942

Senate, April 15, 2013

The Committee on Government Administration and Elections reported through SEN. MUSTO of the 22nd Dist., Chairperson of the Committee on the part of the Senate, that the substitute bill ought to pass.

This act shall take effect as follows and shall amend the following sections:

Section 1

July 1, 2013

32-462

Sec. 2

July 1, 2013

32-9t(q)

CE

Joint Favorable Subst. C/R

GAE

GAE

Joint Favorable

 

Agency Affected

Fund-Effect

FY 14 $

FY 15 $

Department of Economic & Community Development

GOBonds - See Below

See Below

See Below

CT Innovations Inc. (quasi-public)

CII Funds - See Below

See Below

See Below

Department of Revenue Services

GF - Potential Revenue Loss

None

None

Yea

19

Nay

0

(03/14/2013)

Yea

14

Nay

0

(03/27/2013)

TOP

1 The Urban and Industrial Sites tax credit may be utilized on the following schedule: 0% in the income year in which the investment on the project was made and the two succeeding years; 10% in the third full income year after the investment and the three succeeding years; 20% in the seventh full income year after the investment and the two succeeding years.