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 and resources.

The bill introduces new legal language to amend the general statutes, creating a framework for the Buy Connecticut program. There are no deletions from current law mentioned in the text, indicating that this is a new initiative rather than a modification of existing regulations. The overall goal is to foster economic growth within the state by encouraging defense contractors to invest in local businesses.