Sec. 12-632a. Proration of tax credits, when.
Sec. 12-632a. Proration of tax credits, when. If, for any fiscal year, all of the
proposals submitted to the Commissioner of Revenue Services pursuant to section 12-632 claim tax credits in excess of the limit provided for in subsection (i) of said section
12-632, the commissioner on or before November fifteenth of each year shall prorate
the tax credits, as limited by said subsection (i), for such year among the neighborhood
organizations the programs of which business firms have proposed to contribute to
pursuant to this chapter.
(P.A. 95-268, S. 3, 11; P.A. 00-174, S. 35, 83; P.A. 02-103, S. 49.)
History: P.A. 95-268 effective July 6, 1995; P.A. 00-174 made a technical change for conformity with the rest of the
chapter, effective May 26, 2000; P.A. 02-103 made a technical change.