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CT SB00088
Bill
Status
Introduced
2/9/2010
Primary Sponsor
Michael McLachlan
Click for details
AI Summary
- Creates a tax credit against unemployment tax for businesses that hire individuals unemployed for more than 60 days and employ them for at least 180 days
- Expands the jobs creation tax credit to all businesses creating at least one net new job and makes the credit automatic
- Creates a "Next Generation Tax Credit" modeled on the film industry tax credit for next generation industries including alternative energy and nanotechnology
- Repeals the business entity tax and the 10 percent corporate surcharge
- Establishes a business permit office within the Office of Policy and Management to provide one-stop shopping for all state-level business permits
- Requires state agencies to submit cost-benefit analyses with regulations to the Regulations Review Committee, which may only approve regulations with negative economic impact by a three-fifths vote
- Mandates the Department of Economic and Community Development conduct cost-benefit analyses of all existing regulations over five years, with automatically repealing any regulation where costs outweigh benefits unless the Regulations Review Committee votes three-fifths to maintain it
Legislative Description
An Act Concerning Job Creation.
Last Action
Referred to Joint Committee on Finance, Revenue and Bonding
2/9/2010
Committee Referrals
Finance, Revenue and Bonding2/9/2010
Full Bill Text
No bill text available