SB 43·CT·senate
AN ACT CONCERNING THE TAX CREDIT FOR MACHINERY AND EQUIPMENT.
FailedFiled Feb 4, 2026
Sponsor: Paul Cicarella
Latest Action
REF. TO JOINT COMM. ON FIN
Feb 4, 2026
Summary
The bill replaces the existing machinery and equipment tax credit with a new credit equal to half of a corporation’s qualified spending on such assets installed in the state. The credit applies regardless of the number of employees, but the equipment must be used in the facility for at least five years, or the corporation must repay the full credit. It aims to encourage long‑term investment in Connecticut manufacturing and industrial facilities.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get an email when SB 43 moves: committee action, floor votes, amendments and hearings. Free, no card.
Track SB 43 freeOr ask your AI assistant about SB 43 directly:
Add to Claude, ChatGPT or Cursor