HB05059

Connecticut HB05059 establishes a six percent tax credit for research and development expenses of pass-through entities.

Connecticut HB05059 amends the general statutes to create a tax credit for pass-through entities. The credit amounts to six percent of the research and development expenses paid or incurred by these entities for a taxable year. This measure aims to incentivize innovation and growth within the state's business sector by reducing the tax burden on entities that invest in research and development.