OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-734

AN ACT ESTABLISHING A TAX DEDUCTION FOR CONTRIBUTIONS TO A CITIZENS IN NEED ACCOUNT.

As Amended by Senate "B" (LCO 7542)

Senate Calendar No.: 425


OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The bill, which requires the Finance, Revenue and Bonding Committee in consultation with the Department of Revenue Services to study various aspects of income tax deductions, does not result in any fiscal impact.

Senate “B” strikes the underlying bill and associated fiscal impact and results in the fiscal impact described above.

The Out Years

State Impact: None

Municipal Impact: None

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.