CT HB05059

Establishes a new tax credit against Connecticut personal income tax equal to 6% of research and development expenses paid or incurred during a taxable year

Credit applies specifically to pass-through entities (such as partnerships, S corporations, and LLCs)

Requires amendment to the general statutes to implement the new credit

Introduced by Rep. Canino (65th District) and referred to the Finance, Revenue and Bonding Committee