The proposed bill, General Assembly Proposed Bill No. 5070, aims to reestablish the job expansion tax credit program by amending section 12-217pp of the general statutes. This initiative is intended to support job growth and economic development within the state by providing tax incentives to businesses that expand their workforce.

The bill does not specify any deletions from current law but focuses solely on the insertion of new legal language to reinstate the job expansion tax credit program. The reestablishment of this program is seen as a measure to encourage businesses to hire more employees, thereby fostering a more robust job market.