Bill Text: CT HB05360 | 2011 | General Assembly | Introduced

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Bill Title: An Act Concerning The Use Of Research And Development Tax Credits For Projects In Enterprise Zones.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced - Dead) 2011-01-19 - Referred to Joint Committee on Commerce [HB05360 Detail]

Download: Connecticut-2011-HB05360-Introduced.html

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General Assembly		Proposed Bill No. 5360
January Session, 2011		LCO No. 1707
Referred to Committee on Commerce
Introduced by:
REP. GENGA, 10th Dist. REP. ROJAS, 9th Dist. REP. LARSON, 11th Dist. SEN. LEBEAU, 3rd Dist.

AN ACT CONCERNING THE USE OF RESEARCH AND DEVELOPMENT TAX CREDITS FOR PROJECTS IN ENTERPRISE ZONES.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to allow a development company to accept the transfer to it of tax credits for research and development from a corporation that has received such credits pursuant to section 12-217j or 12-217n of the general statutes. The development company shall use such credits in furtherance of a commercial or residential real estate development project in an enterprise zone.

Statement of Purpose:

To permit the transfer of research and development tax credits to encourage commercial or residential development projects in enterprise zones.