OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sSB-1079

AN ACT INCREASING THE MANUFACTURING APPRENTICESHIP TAX CREDIT.


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 14 $

FY 15 $

Department of Revenue Services

GF - Revenue Loss

None

None

Municipal Impact: None

Explanation

The bill, which increases the maximum amount for the Manufacturing Apprenticeship Tax Credit, results in a revenue loss of approximately $650,000 annually beginning in FY 16.

The Out Years

State Impact:

Agency Affected

Fund-Effect

FY 16 $

FY 17 $

FY 18 $

Department of Revenue Services

GF - Revenue Loss

650,000

650,000

650,000

Municipal Impact: None

Sources:

Department of Revenue Services Fiscal Year 2011-2012 Annual Report