OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-734

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

AMENDMENT

LCO No.: 7542

File Copy No.: 744

Senate Calendar No.: 425


OFA Fiscal Note

State Impact: See Below

Municipal Impact: None

Explanation

The amendment strikes the underlying bill and associated fiscal impact and replaces it with a study of deductions under the income tax by the Department of Revenue Services. It is anticipated that the study could be accommodated within the agency's normal course of duties; thus, the amendment does not result in any fiscal impact.

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.