General Assembly Raised Bill No. 5468
February Session, 2020 LCO No. 2365
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
(FIN)
AN ACT INCREASING THE AGGREGATE AMOUNT OF TAX CREDITS
FOR THE REHABILITATION OF HISTORIC STRUCTURES.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
1 Section 1. Subsection (i) of section 10-416c of the 2020 supplement to
2 the general statutes is repealed and the following is substituted in lieu
3 thereof (Effective July 1, 2020):
4 (i) The aggregate amount of all tax credits that may be reserved by
5 the Department of Economic and Community Development upon
6 certification of rehabilitation plans pursuant to subsections (b) to (h),
7 inclusive, of this section shall not exceed [thirty-one] forty-one million
8 seven hundred thousand dollars in any fiscal year. No project may
9 receive tax credits in an amount exceeding four million five hundred
10 thousand dollars.
This act shall take effect as follows and shall amend the following
sections:
Section 1 July 1, 2020 10-416c(i)
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 Raised Bill No. 5468
Statement of Purpose:
To increase the aggregate amount of tax credits for the rehabilitation of
historic structures.
[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.]
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