Connecticut Seal

General Assembly

File No. 314

    February Session, 2014

Substitute Senate Bill No. 75

Senate, April 3, 2014

The Committee on Commerce reported through SEN. LEBEAU of the 3rd 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, 2014

12-632(i)

Sec. 2

July 1, 2014, and applicable to income and taxable years commencing on or after January 1, 2014

12-632

Sec. 3

July 1, 2014, and applicable to income and taxable years commencing on or after January 1, 2014

12-633

Sec. 4

July 1, 2014, and applicable to income and taxable years commencing on or after January 1, 2014

12-634

Sec. 5

July 1, 2014, and applicable to income and taxable years commencing on or after January 1, 2014

12-635

Sec. 6

July 1, 2014, and applicable to income and taxable years commencing on or after January 1, 2014

12-635a

CE

Joint Favorable Subst.

 

Agency Affected

Fund-Effect

FY 15 $

FY 16 $

Revenue Serv., Dept.

GF - Cost

3,000-5,000

None

Department of Revenue Services

GF - Revenue Loss

Up to 5.0 million

Up to 5.0 million

Sources:

Department of Revenue Services

Yea

17

Nay

0

(03/20/2014)

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1 According to DRS, credit-eligible donations under the NAA program currently exceed the $5.0 million cap.