Bill > HB06457

This bill seeks to reestablish the Job Expansion Tax Credit program by amending section 12-217pp of the general statutes. While the provided XML does not include the specific details of the tax credit program, such programs typically offer businesses a tax credit or reduction for creating new jobs within a state, thereby incentivizing economic growth and employment. By reestablishing this program, the legislature appears to be reinstating a previously existing tax incentive that was likely allowed to expire or was discontinued, with the goal of encouraging businesses to expand their workforce and potentially invest in the state's economy. The bill's brevity suggests that the substantive details of the tax credit program would be defined in the referenced section of the general statutes or through accompanying regulations.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06457&which_year=2025