CT SB01051

Removes fixed application deadlines for CTNext planning grants-in-aid and innovation place designation applications, allowing the CTNext board to accept applications on an ongoing schedule until authorized funding is exhausted.

Allows planning grant recipients to apply for up to $50,000 each (aggregate limit of $500,000) to prepare applications for innovation place designation, which must demonstrate anchor institutions, transportation infrastructure, walkability, and a master development plan.

Permits taxpayers to sell, assign, or transfer Invest CT fund tax credits in whole or in part to other taxpayers, provided the transferee can only claim the credit in the tax year received (previously restricted to affiliates only).

Maintains tax credit limits of $350 million in aggregate and $40 million per year for Invest CT funds, with requirements for investments in green technology, preseed companies, cybersecurity businesses, and municipalities with populations over 80,000.

Allows Invest CT fund tax credits not sold or transferred to be carried forward for five succeeding tax years until fully claimed.