Connecticut legislation · 2026 General Assembly
Connecticut HB5059: AN ACT ESTABLISHING A RESEARCH AND DEVELOPMENT TAX CREDIT FOR PASS-THROUGH ENTITIES.
Status: Introduced, February 6, 2026
What the bill says
An act ESTABLISHING A RESEARCH AND DEVELOPMENT TAX CREDIT FOR PASS-THROUGH ENTITIES. Assembly convened: That the general statutes be amended to establish a credit against the personal income tax in the amount of six per cent of the research and development expenses paid or incurred for a taxable year by passthrough entities. Statement of Purpose: To establish a credit against the personal income tax in the amount of six per cent of the research and development expenses paid or incurred for a taxable year by pass-through entities. LCO No. 428 1 of.
From the introduced text:
AN ACT ESTABLISHING A RESEARCH AND DEVELOPMENT TAX CREDIT FOR PASS-THROUGH ENTITIES. Assembly convened: That the general statutes be amended to establish a credit against the personal income tax in the amount of six per cent of the research and development expenses paid or incurred for a taxable year by passthrough entities. Statement of Purpose: To establish a credit against the personal income tax in the amount of six per cent of the research and development expenses paid or incurred for a taxable year by pass-through entities. LCO No. 428 1 of
Sponsors
- Joseph Canino (R, 65) · primary sponsor
- Tom Delnicki (R, 14)
Latest actions
- : Referred to Joint Committee on Finance, Revenue and Bonding
Subjects: Corporation business tax credits for research and development expenses