The proposed bill, General Assembly Proposed Bill No. 6807, aims to provide tax benefits specifically for small and start-up businesses located in Windham County and other low-income counties in the state. The bill seeks to amend the general statutes to achieve two main objectives: first, to reduce the state tax burden on these businesses, and second, to allocate a portion of the sales tax revenue directly to support them.
The intent of this legislation is to foster the development and retention of small and start-up businesses in economically disadvantaged areas, thereby promoting economic growth and stability in Windham County and similar regions. By targeting tax relief and financial support, the bill aims to create a more favorable environment for entrepreneurship and business sustainability in these communities.