General Assembly Proposed Bill No. 5182
January Session, 2021 LCO No. 482
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. CHEESEMAN, 37th Dist.
AN ACT CONCERNING THE CAP ON RESEARCH AND
DEVELOPMENT TAX CREDITS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
1 That title 12 of the general statutes be amended to increase the
2 amount of research and development tax credits a biotechnology
3 business may utilize in an income year.
Statement of Purpose:
To increase the amount of research and development tax credits a
biotechnology business may utilize in an income year.
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