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CT HB06760

Bill

Official Source

Status

Introduced

1/25/2017

Primary Sponsor

Dave Yaccarino

Click for details

Origin

House of Representatives

2017 General Assembly

AI Summary

  • Exempts biotechnology and bioscience companies from the corporation business tax for five years
  • Applies only to companies relocating from an academic business incubator facility partnered with an accredited in-state post-secondary educational institution
  • Companies must relocate to another site within Connecticut to qualify
  • Intended to encourage formation and growth of biotechnology and bioscience companies in Connecticut

Legislative Description

An Act Exempting Biotechnology And Bioscience Start-ups From The Corporation Business Tax.

Last Action

Referred to Joint Committee on Commerce

1/25/2017

Committee Referrals

Commerce1/25/2017

Full Bill Text

No bill text available