Regulations of Connecticut State Agencies
(a) The allotment of tax credit vouchers for contributions to approved housing programs shall be made in accordance with a ranking system which takes into consideration information provided by the nonprofit corporation in its application pursuant to subsection 8-395-4 (b) and (c) above and the availability of tax credit vouchers.
(b) The Commissioner shall notify the business firm, in writing, that a tax credit voucher will be reserved, contingent upon the firm's submission of a notarized receipt from the nonprofit corporation of the contribution made to the housing program, as approved. Subject to the provisions of Section 8-395-2 (a) above, the amount of the tax credit voucher shall equal the amount of the contribution.
(c) Tax Credit vouchers shall be presented to the Commissioner of the Department of Revenue Services by the business firm. Tax credits shall be granted in accordance with policies established by the Department of Revenue Services.
(d) If two or more business firms are contributing jointly to one or more housing program, the application shall be submitted as a single application and shall provide the information required herein for each business firm.
(Effective December 3, 1991)