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CT HB05021

Bill

Official Source

Status

Introduced

2/7/2024

Primary Sponsor

Holly Cheeseman

Click for details

Origin

House of Representatives

2024 General Assembly

AI Summary

  • Amends Title 12 of the Connecticut General Statutes to increase research and development tax credits available to biotechnology companies
  • Increases the annual cap on research and development tax credits that biotechnology companies may utilize for an income year
  • Referred to Committee on Finance, Revenue and Bonding
  • Introduced by Rep. Cheeseman, 37th District, during the February 2024 legislative session
  • Specific dollar amount and new cap level are not detailed in the bill text provided

Legislative Description

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

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/7/2024

Committee Referrals

Finance, Revenue and Bonding2/7/2024

Full Bill Text

No bill text available