The proposed bill, General Assembly Proposed Bill No. 6739, aims to establish a "Buy Connecticut" program specifically for defense contractors. This program would provide sales tax exemptions and research and development tax credits to those contractors who engage the services of in-state subcontractors and businesses. The intent of the bill is to incentivize defense contractors to support local economies by utilizing Connecticut-based services.

The bill introduces new legal language to amend the general statutes, creating the framework for the Buy Connecticut program. There are no deletions from current law mentioned in the text, indicating that the bill seeks to add provisions rather than modify existing regulations. Overall, the legislation is designed to bolster the state's defense industry while promoting local business engagement.