CCP Public Hearing Testimony Against "An Act Concerning Deposits in Lieu of Taxes"
Publication date:
04/2019
... on these two bills. Each of these bills would require nonprofits with a significant savings accounts, endowments, ... funds to pay into a state "community development account." Nonprofits receive tax-exempt status because they are working ... investments in Connecticut bolster the state’s nonprofits and invest in their capacity building. The ...