The proposed bill, General Assembly Proposed Bill No. 5985, aims to amend the general statutes to create a Community Endowment Fund along with a tax credit program for contributions made to this fund. The contributions collected will be specifically allocated to support nonprofit infrastructure and address local needs within the community.

This initiative is designed to encourage financial support for nonprofits by providing tax incentives, thereby enhancing the capacity of these organizations to serve their communities effectively. The bill emphasizes the importance of strengthening nonprofit infrastructure as a means to meet various local demands, ultimately fostering community development and resilience.