Sec. 12-202b. Tax credit for providers of HUSKY coverage.
Sec. 12-202b. Tax credit for providers of HUSKY coverage. (a) For the income
year commencing January 1, 2000, there shall be allowed as a credit against the tax
imposed by section 12-202a an amount as calculated pursuant to subsection (b) of this
section.
(b) The amount of credit allowed shall be equal to fifty-five dollars multiplied by
the sum of the number of persons provided health care coverage by the taxpayer under
the HUSKY Plan, Part A, HUSKY Plan, Part B or the HUSKY Plus programs, each as
defined in section 17b-290, on the first day of each month of the income year for which
the credit is taken, divided by twelve.
(c) The credit allowed under this section shall not be taken into account for purposes
of the installment payments due under section 12-204c but shall be taken into account
in the annual return required under section 12-205.
(d) The amount of credit allowed any taxpayer under this section for any income
year may not exceed the amount of tax due from such taxpayer under section 12-202a
with respect to such income year.
(P.A. 00-170, S. 19, 42; June Sp. Sess. P.A. 01-6, S. 4, 85; P.A. 02-3, S. 4.)
History: P.A. 00-170 effective May 26, 2000, and applicable to income years commencing on and after January 1,
2000; June Sp. Sess. P.A. 01-6 amended Subsec. (b) to designate existing provisions as Subdiv. (1), making conforming
and technical changes therein, and to add new Subdiv. (2) re formula for the tax credit for income years commencing on
or after January 1, 2001, effective July 1, 2001; P.A. 02-3 amended Subsecs. (a) and (b) to discontinue the credit for income
years commencing on or after January 1, 2001, effective February 28, 2002.