LCO No. 482 1 of 1
General Assembly Proposed Bill No. 5182
January Session, 2021
LCO No. 482
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. CHEESEMAN, 37th Dist.
AN ACT CONCERNING THE CAP ON RESEARCH AND
DEVELOPMENT TAX CREDITS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That title 12 of the general statutes be amended to increase the 1
amount of research and development tax credits a biotechnology 2
business may utilize in an income year. 3
Statement of Purpose:
To increase the amount of research and development tax credits a
biotechnology business may utilize in an income year.