HB 5319·CT·house
AN ACT CONCERNING A RESEARCH AND DEVELOPMENT TAX CREDIT FOR SMALL BUSINESSES.
Reported by CommitteeFiled Feb 26, 2026
Sponsor: Patrick S. Boyd
Latest Action
FAV. CHG. OF REF., SEN. TO COMM. ON Finance, Revenue and Bonding
Mar 12, 2026
Summary
The bill lets qualifying small businesses claim a credit equal to 6% of their research and development expenses. Credits are issued as vouchers by the Department of Economic and Community Development after businesses apply, reserve, and verify their spending. The program aims to spur innovation and keep high‑tech activity in the state.
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