Sec. 12-217zz. Limit on credits under this chapter.
Sec. 12-217zz. Limit on credits under this chapter. Notwithstanding any other
provision of law, the amount of tax credit or credits otherwise allowable against the tax
imposed under this chapter for any income year shall not exceed seventy per cent of the
amount of tax due from such taxpayer under this chapter with respect to such income
year of the taxpayer prior to the application of such credit or credits.
(May 9 Sp. Sess. P.A. 02-1, S. 59.)
History: May 9 Sp. Sess. P.A. 02-1 effective July 1, 2002, and applicable to income years commencing on or after
January 1, 2002.