Page 581

House Bill No. 5506

Public Act No. 22-118 581 of 739

any taxpayer under this section for any income or taxable year may not exceed the amount of tax due from such taxpayer under this chapter or chapter 228z with respect to such income or taxable year. Sec. 426. (NEW) (Effective July 1, 2022) (a) The state shall, consistent with and supportive of the goals of promoting the health, welfare and safety of the people of the state and increasing their quality of life, boosting tourism, stimulating the economy and enhancing the ability of people to enjoy the Connecticut River, assess the benefits and opportunity costs to the city of Hartford and to the state of the current use and alternative uses of the Hartford Brainard Airport property. (b) To further such assessment and identify the related costs, the Department of Economic and Community Development shall have an analysis conducted that includes, but is not limited to, the following: (1) The economic impact, direct, indirect, quantitative and qualitative, of the current use of the property to the state and to the region surrounding the property; (2) The economic impact, direct, indirect, quantitative and qualitative, of alternative uses of the property, including commercial, residential and recreational opportunities, to the state and to the region surrounding the property; (3) Identification of any environmental or flood control obstacles to the development of alternative uses of the property, including the conducting of any required testing of the site, and the possible avenues and associated costs to render the property environmentally developable; (4) Identification of any federal, state or local governmental obstacles, including existing contractual obligations, to the development of alternative uses of the property, the possible avenues to remove each such obstacle and the associated costs of pursuing each avenue; and