The proposed bill, General Assembly Proposed Bill No. 95, aims to amend chapter 229 of the general statutes to introduce a personal income tax credit of five hundred dollars. This credit is specifically designed for employees of defense contractors, as well as direct suppliers and subcontractors of these contractors, who have an adjusted gross income of less than one hundred twenty-five thousand dollars for single filers and less than two hundred fifty thousand dollars for married individuals filing jointly.

The bill does not include any deletions from current law but focuses solely on the insertion of the new tax credit provision. The intent of this legislation is to provide financial relief to eligible employees within the defense contracting sector, thereby supporting the workforce associated with this industry.