Plain English Breakdown
Definitions for 'tax credit' and 'manufacturing training program' were removed because they do not appear in the official source text.
Tax Credit for Manufacturers Donating Equipment or Supplies to Public School Manufacturing Training Programs
This bill creates a tax credit for manufacturers that donate equipment or supplies to manufacturing training programs at public middle schools and public high schools in the state.
What This Bill Does
- Amends Title 12 of the general statutes to create a new tax credit.
- Allows manufacturers to receive this tax credit when they donate equipment or supplies.
- Limits eligible recipients to manufacturing training programs at public middle schools and public high schools in the state.
Who It Names or Affects
- Manufacturers that donate equipment or supplies
- Public middle schools with manufacturing training programs
- Public high schools with manufacturing training programs
Limits and Unknowns
- The provided text does not state the dollar amount of the tax credit.
- The effective date is not listed in the source material.
- The bill has passed both chambers, but final executive action details are not shown.