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CT HB05182

Bill

Official Source

Status

Introduced

1/15/2021

Primary Sponsor

Holly Cheeseman

Click for details

Origin

House of Representatives

2021 General Assembly

AI Summary

  • Amends Title 12 of Connecticut General Statutes to increase the cap on research and development tax credits for biotechnology businesses
  • Allows biotechnology businesses to utilize a higher amount of research and development tax credits within a single income year
  • Referred to the Committee on Finance, Revenue and Bonding
  • Introduced by Rep. Cheeseman (37th District) during the January 2021 legislative session
  • Specific dollar amounts and detailed credit thresholds are not included in the bill text provided

Legislative Description

An Act Concerning The Cap On Research And Development Tax Credits.

Last Action

Public Hearing 03/15

3/11/2021

Committee Referrals

Finance, Revenue and Bonding1/15/2021

Full Bill Text

No bill text available