CT HB05592

Establishes a brownfield remediation tax credit program allowing owners to receive credits up to 25% of qualified remediation expenditures (maximum $2 million per project) with $10 million annual cap for fiscal years 2019-2020.

Authorizes $20 million in state bonds ($10 million effective July 1, 2017) for municipal brownfield remediation grants and targeted brownfield development loans.

Expands renewable energy procurement to allow Class I generation projects on brownfields and solid waste disposal areas, with 10% bid preference for systems up to 750 kilowatts on remediated brownfields or closed waste sites.

Increases angel investor tax credits to 33% for bioscience, clean technology, and cybersecurity investments (up from 25%) and raises fixed capital investment credits to 10% for those same technology sectors (up from 5%).

Enhances Small Business Express program by adding a private sector loan fund component, establishing regional economic development agency allocations, and creating priority assistance for underserved business populations.