Maddy summaryThis bill updates the rules for the invest CT Fund Program, a state initiative designed to encourage investment in Connecticut-based businesses. It directly affects taxpayers who invest in these funds and the businesses receiving that capital, specifically targeting small companies with fewer than 250 employees and net income under $10 million. The legislation clarifies definitions for eligible businesses, including new categories for cybersecurity and green technology firms, and sets strict requirements for the funds themselves, such as prohibiting control by insurance companies. Additionally, it establishes a schedule for tax credits against the premium tax, where investors receive a percentage of their investment back in credits over a ten-year period. These changes aim to streamline how the program operates while maintaining limits on the total tax credits available each year.
Sen. John Kissel
Sponsored bills
Maddy summaryHB 5491 establishes a new property tax exemption for Connecticut veterans who have a service-connected permanent and total disability rating from the Department of Veterans Affairs. The bill allows these veterans to exempt their primary residence from taxation, or if they lack a home, one motor vehicle garaged in the state. To qualify, veterans must submit proof of their disability rating to their local town assessor, with retroactive refunds available for up to three years if they missed the initial filing deadline. Additionally, the act modifies an existing lower-level disability exemption, increasing the property value threshold for veterans with non-permanent-and-total disabilities and adjusting amounts based on age and disability severity.
Maddy summaryThis bill requires the Commissioner of Energy and Environmental Protection to submit a report by January 1, 2025, regarding the protection of land and water rights in the Upper Farmington River Valley. The report must specifically address potential conservation actions needed if the Department of Public Health approves requests to abandon certain waters currently used as drinking water sources. The legislation directly affects environmental officials, the state legislature, and the communities within the Upper Farmington River Valley watershed. Its primary mechanism is mandating an official assessment to determine how to safeguard these water resources in the event of future changes to their status.
Maddy summaryThis bill expands workers' compensation protections for municipal police officers and firefighters by adding new medical conditions and extending the timeframe for coverage. It establishes a legal presumption that deaths or disabilities caused by heart attacks, strokes, or blood clots occurring during duty or within 24 hours after training are considered work-related, unless evidence proves otherwise. To qualify, these employees must have passed a physical exam upon hiring that showed no prior signs of these specific conditions. The changes apply to those who started working after 1996 and aim to ensure they receive benefits for these sudden health events linked to their public safety roles.
Maddy summaryThis bill updates Connecticut state laws to align with federal definitions regarding service animals, expanding protections for individuals with disabilities. It grants full-time state and municipal employees up to twenty days of paid sick leave to train their own service animals, provided they have worked for at least twelve months. The legislation also requires ride-sharing drivers to accommodate service animals without charging extra fees and updates traffic regulations to include service animals in nondiscrimination and pedestrian safety rules. These changes affect state agencies, local governments, transportation network companies, and public roadways across Connecticut.