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.