OLR Bill Analysis
AN ACT ESTABLISHING A TAX DEDUCTION FOR CONTRIBUTIONS TO A CITIZENS IN NEED ACCOUNT.
This bill creates a mechanism to obtain voluntary contributions from taxpayers to assist Connecticut residents whose social service benefits have been reduced because of budget constraints. The mechanism is a 200% personal income tax deduction for taxpayers who contribute to a separate nonlapsing General Fund account the bill establishes exclusively to help these residents (i.e., the “citizens in need account”). The account must also contain any other funds that must be deposited there by law.
The comptroller, in consultation with the Department of Social Service (DSS) commissioner, must use the account to fund only benefits provided through DSS programs. The commissioner cannot use the account for administrative purposes. The commissioner may adopt regulations, in consultation with the comptroller, establishing:
1. standards or criteria for determining the programs that may be funded from the account,
2. the schedule for determining and making benefit payments, and
3. other requirements for funding these payments.
EFFECTIVE DATE: July 1 2017 and applicable to taxable years starting on or after January 1, 2017.
Finance, Revenue and Bonding Committee