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 resources.

The bill introduces new legal language to the general statutes to formalize the Buy Connecticut program, although it does not specify any deletions from current law. By encouraging defense contractors to work with local businesses, the program seeks to bolster the state's economy and promote job growth within the defense sector.