The proposed bill, General Assembly Proposed Bill No. 68, aims to amend chapter 228z of the general statutes by restoring the rate of the credit against the affected business entity tax to ninety-three and one-hundredths percent. This change is intended to provide financial relief to affected business entities by reinstating a higher credit rate, which may have been previously reduced.

The bill does not specify any deletions from current law but focuses solely on the insertion of the new credit rate. The intent behind this legislative action is to support businesses by enhancing their tax credits, thereby potentially improving their financial stability and encouraging economic growth within the state.