Connecticut HB5008: AN ACT ESTABLISHING A SMALL BUSINESS TAX CREDIT.

What the bill says

An act ESTABLISHING A SMALL BUSINESS TAX CREDIT. Assembly convened: That title 12 of the general statutes be amended to establish a tax credit for small businesses, as defined by the United States Small Business Administration, of two thousand eighty dollars per full-time equivalent employee. Statement of Purpose: To establish a tax credit for small businesses of two thousand eighty dollars per full-time equivalent employee. LCO No. 290 1 of.

From the introduced text:

AN ACT ESTABLISHING A SMALL BUSINESS TAX CREDIT. Assembly convened: That title 12 of the general statutes be amended to establish a tax credit for small businesses, as defined by the United States Small Business Administration, of two thousand eighty dollars per full-time equivalent employee. Statement of Purpose: To establish a tax credit for small businesses of two thousand eighty dollars per full-time equivalent employee. LCO No. 290 1 of

Read the full official text

Sponsors

• Vincent Candelora (R, 86) · primary sponsor
• Tom O'Dea (R, 125)
• David Rutigliano (R, 123)
• Timothy Ackert (R, 8)
• Lezlye Zupkus (R, 89)
• Tami Zawistowski (R, 61)
• Devin Carney (R, 23)
• Gale Mastrofrancesco (R, 80)
• Craig Fishbein (R, 90)
• Mark Anderson (R, 62)
• Greg Howard (R, 43)
• Ben McGorty (R, 122)

Latest actions

1. February 4, 2026: Referred to Joint Committee on Finance, Revenue and Bonding

Common questions

What is HB5008?

HB5008 is a bill in the Connecticut Legislature (2026 General Assembly): AN ACT ESTABLISHING A SMALL BUSINESS TAX CREDIT.

What does HB5008 do?

In its own words: An act ESTABLISHING A SMALL BUSINESS TAX CREDIT. Assembly convened: That title 12 of the general statutes be amended to establish a tax credit for small businesses, as defined by the United States Small Business Administration, of two thousand eighty dollars per full-time equivalent employee. Statement of Purpose: To establish a tax credit for small businesses of two thousand eighty dollars per full-time equivalent employee. LCO No. 290 1 of.

What is the status of HB5008?

Introduced as of February 4, 2026. Latest action: Referred to Joint Committee on Finance, Revenue and Bonding (February 4, 2026).

Who sponsored HB5008?

Vincent Candelora (R, 86), with 11 co-sponsors.

Where is the official record for HB5008?

On the Connecticut Legislature website: https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05008&which_year=2026