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CT HB05014

Bill

Official Source

Status

Introduced

1/4/2023

Primary Sponsor

Holly Cheeseman

Click for details

Origin

House of Representatives

2023 General Assembly

AI Summary

  • Amends Title 12 of the 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 in each income year
  • Introduced by Rep. Cheeseman (37th District) during the January 2023 General Assembly session
  • Referred to the Committee on Finance, Revenue and Bonding
  • Specific dollar amount of the increase is not detailed in the bill text provided

Legislative Description

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

Last Action

Public Hearing 02/27

2/17/2023

Committee Referrals

Finance, Revenue and Bonding1/4/2023

Full Bill Text

No bill text available