CT SB00408

Establishes an airport development zone comprising specific census tract blocks in Windsor Locks, Suffield, East Granby, and Windsor around Bradley International Airport.

Allows municipalities to enter written agreements fixing property tax assessments for up to 7 years on improvements costing $3 million or more, with the state reimbursing municipalities 40% of foregone tax revenue from properties in the airport development zone.

Creates a corporate tax credit of 30-50% for businesses in the airport development zone that hire 25 or more new employees, claimable for up to 10 income years starting the year after receiving an eligibility certificate.

Extends sales tax exemptions for replacement machinery parts to businesses located in the airport development zone, matching existing exemptions for enterprise zones.

Authorizes the Bradley Board of Directors to contract with the Connecticut Center for Advanced Technology to provide job training services from community colleges and other training providers to manufacturers and technology businesses in the zone.