Connecticut Seal

General Assembly

 

Committee Bill No. 78

February Session, 2014

 

LCO No. 2849

 

*02849SB00078CE_*

Referred to Committee on COMMERCE

 

Introduced by:

 

(CE)

 

AN ACT EXTENDING THE JOB EXPANSION TAX CREDIT PROGRAM.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. Subsection (h) of section 12-217pp of the 2014 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2014, and applicable to taxable and income years commencing on or after January 1, 2014):

(h) No credit shall be allowed under this section for any new jobs created on or after January 1, [2014] 2015.

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

Section 1

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

12-217pp(h)

Statement of Purpose:

To extend eligibility for the job expansion tax credit to new jobs created in 2014.

[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]

Co-Sponsors:

SEN. MCKINNEY, 28th Dist.; REP. HWANG, 134th Dist.

SEN. FRANTZ, 36th Dist.

S.B. 78