Bill
Bill > HB05203
summary
Introduced
02/13/2026
02/13/2026
In Committee
02/13/2026
02/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026 General Assembly
Bill Summary
To establish a state tax deduction for the amount of the federal qualified production property deduction claim.
AI Summary
This bill establishes a new state tax deduction that mirrors the federal Qualified Production Property Deduction. This means that if a taxpayer claims a deduction on their federal taxes for certain qualified production activities, they will now be able to claim a similar deduction on their state taxes, effectively reducing their state tax liability by the same amount. The purpose of this legislation is to provide this state-level tax relief for businesses engaged in qualified production.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to Joint Committee on Commerce (on 02/13/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05203&which_year=2026 |
| BillText | https://www.cga.ct.gov/2026/TOB/H/PDF/2026HB-05203-R00-HB.PDF |
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