AN ACT ESTABLISHING A RESEARCH AND DEVELOPMENT TAX CREDIT FOR PASS-THROUGH ENTITIES.

Summary

The bill adds a credit to Connecticut personal income tax equal to six percent of qualified research and development expenses that pass‑through entities pay or incur during the year. It is intended to lower the tax bill for owners of partnerships, S‑corporations and similar entities that invest in R&D. The credit is claimed on the individual’s income‑tax return, not on the entity’s return.

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

Topics

Share