General Assembly Proposed Bill No. 5978
January Session, 2015 LCO No. 1590
*01590*
Referred to Committee on COMMERCE
Introduced by:
REP. CARTER, 2nd Dist.
General Assembly
Proposed Bill No. 5978
January Session, 2015
LCO No. 1590
*01590*
Referred to Committee on COMMERCE
Introduced by:
REP. CARTER, 2nd Dist.
AN ACT EXPANDING THE RESEARCH AND DEVELOPMENT TAX CREDIT FOR BIOSCIENCE COMPANIES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to (1) increase the research and development tax credit for bioscience companies, and (2) authorize the Commissioner of Economic and Community Development to redeem bioscience companies' unused research and development tax credits from previous years.
Statement of Purpose:
To encourage research and development and support the bioscience industry in Connecticut.