Sec. 12-217zz. Limit on credits under this chapter. - Connecticut Statutes

      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.