Connecticut HB 5059: AN ACT ESTABLISHING A RESEARCH AND DEVELOPMENT TAX CREDIT FOR PASS-THROUGH ENTITIES.

Bill Text

LCO No. 428 1 of 1

General Assembly Proposed Bill No. 5059
February Session, 2026 LCO No. 428

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. CANINO, 65th Dist.

AN ACT ESTABLISHING A RESEARCH AND DEVELOPMENT TAX
CREDIT FOR PASS-THROUGH ENTITIES.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That the general statutes be amended to establish a credit against the 1
personal income tax in the amount of six per cent of the research and 2
development expenses paid or incurred for a taxable year by pass-3
through entities. 4
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.