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SB 43

Connecticut - Session 2026

Senate in_committee 2026-02-04
Business / Commerce Tax / Budget / Appropriations
Bill Details

Title: AN ACT CONCERNING THE TAX CREDIT FOR MACHINERY AND EQUIPMENT.

Summary

To replace the current tax credit for machinery and equipment with a tax credit for fifty per cent of the amount spent by a corporation on machinery and equipment acquired for and installed in a facility in this state and including a five-year minimum use and recapture provision.

Sponsor
Paul Cicarella
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-03 Introduced Bill introduced
2026-02-04 Status in_committee
2026-02-04 Latest Action REF. TO JOINT COMM. ON
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