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HB 5008·CT·house

AN ACT ESTABLISHING A SMALL BUSINESS TAX CREDIT.

FailedFiled Feb 4, 2026
Sponsor: Vincent J. Candelora
Latest Action

REF. TO JOINT COMM. ON FIN

Feb 4, 2026

Summary

The bill amends Connecticut’s tax statutes to give small businesses a credit of $2,080 for each full‑time equivalent employee they employ. It applies to businesses that meet the U.S. Small Business Administration’s definition of a small business. The credit is intended to reduce tax burdens and encourage hiring.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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