Proposed S.B. No. 101
Session Year 2025

AN ACT CONCERNING THE TAX CREDIT FOR MACHINERY AND EQUIPMENT.

To replace the current tax credit for machinery and equipment with a tax credit for fifty per cent of the amount spent by a corporation on machinery and equipment acquired for and installed in a facility in this state and including a five-year minimum use and recapture provision.

Other Bills with Similar Topics

  Equipment 

 

• HB06263 - AN ACT CONCERNING THE USE AND PURCHASE OF GAS-POWERED HAND-HELD OR BACKPACK LEAF BLOWERS BY STATE AGENCIES.

  Tax credits 

 

• HB05147 - AN ACT CONCERNING THE CAP ON RESEARCH AND DEVELOPMENT TAX CREDITS.
• HB05439 - AN ACT ESTABLISHING A TAX CREDIT FOR PREMIUM PAYMENTS FOR CERTAIN LONG-TERM CARE INSURANCE POLICIES.
• HB05549 - AN ACT RESTORING THE RATE OF THE CREDIT AGAINST THE AFFECTED BUSINESS ENTITY TAX.
• HB05555 - AN ACT INCREASING THE AMOUNTS OF TAX CREDITS ALLOWED AND CLAIMED UNDER THE NEIGHBORHOOD ASSISTANCE ACT.
• HB05780 - AN ACT INCENTIVIZING INVESTMENTS IN LOCAL FARMS AND AGRICULTURAL OPERATIONS.
• HB05921 - AN ACT CONCERNING FUNDING FOR THE CONNECTICUT GREEN BANK AND INCENTIVES FOR SOLAR INSTALLATIONS FOR CERTAIN COMMUNITIES AND HOUSEHOLDS.
• HB05978 - AN ACT ESTABLISHING A REFUNDABLE TAX CREDIT FOR NEWS ORGANIZATIONS THAT COVER LOCAL COMMUNITIES IN THE STATE.
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• HB05996 - AN ACT INCREASING THE PROPERTY TAX CREDIT AGAINST THE PERSONAL INCOME TAX FOR CERTAIN PROPERTY OWNERS.
• HB06121 - AN ACT ESTABLISHING A TAX CREDIT FOR THE CONVERSION OF VACANT COMMERCIAL BUILDINGS TO RESIDENTIAL DEVELOPMENTS.
• HB06222 - AN ACT CONCERNING THE TAKING OF EASTERN OYSTERS AND INVASIVE AQUATIC SPECIES.
• HB06241 - AN ACT CONCERNING AGRITOURISM.
• HB06457 - AN ACT REESTABLISHING THE JOB EXPANSION TAX CREDIT PROGRAM.
• HB06547 - AN ACT ESTABLISHING A FARM INVESTMENT PROPERTY TAX CREDIT.
• HB06751 - AN ACT ESTABLISHING A CHILD AND DEPENDENT TAX CREDIT AGAINST THE PERSONAL INCOME TAX.
• HB06766 - AN ACT CONCERNING VETERANS WITH MOTOR VEHICLES OF A CERTAIN AGE.
• HB06787 - AN ACT REQUIRING CERTAIN COMMON INTEREST COMMUNITIES BE ELIGIBLE FOR TAX CREDITS FOR REHABILITATION OF HISTORIC PROPERTY.
• HB06876 - AN ACT ESTABLISHING FIRST-TIME HOMEBUYER SAVINGS ACCOUNTS AND A RELATED TAX DEDUCTION AND CREDIT.
• HB06884 - AN ACT EXPANDING TAX CREDITS FOR STUDENT LOAN PAYMENTS TO INCLUDE EMPLOYERS SUBJECT TO TAX UNDER CHAPTER 229.
• HB07087 - AN ACT CONCERNING COMMUNITY SOLAR ENERGY GENERATING SYSTEMS.
• HB07112 - AN ACT CONCERNING HOUSING AND HOMELESSNESS AND THE RENTAL ASSISTANCE PROGRAM.
• HB07114 - AN ACT ESTABLISHING A TAX CREDIT FOR THE CONSTRUCTION OF RESIDENTIAL UNITS ABOVE RETAIL PROPERTY.
• HB07166 - AN ACT CONCERNING THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT'S RECOMMENDATIONS FOR REVISIONS TO CERTAIN COMMERCE AND TAX CREDIT STATUTES.
• HB07175 - AN ACT ESTABLISHING A FARM INVESTMENT TAX CREDIT AND INCREASING THE FARM MACHINERY PROPERTY TAX EXEMPTION AMOUNT.
• HB07187 - AN ACT IMPLEMENTING THE RECOMMENDATIONS OF A REPORT ON EMPLOYMENT ASSISTANCE PROGRAMS FOR INDIVIDUALS WITH DISABILITIES.
• HB07264 - AN ACT CONCERNING THE DEVELOPMENT OF A PILOT PROGRAM FOR THE COLLECTION OF UNPAID TAXES FROM STATE CONTRACTORS AND THE DEPARTMENT OF REVENUE SERVICES' RECOMMENDATIONS FOR REVISIONS TO THE TAX AND RELATED STATUTES.
• HB07272 - AN ACT CONCERNING THE INDEXING OF PERSONAL INCOME TAX THRESHOLDS AND PERSONAL EXEMPTION AMOUNTS, THE ESTABLISHMENT OF A CHILD TAX CREDIT AND THE DEDUCTION AND WITHHOLDING OF PERSONAL INCOME TAX FROM CERTAIN PAYMENTS AND DISTRIBUTIONS.
• HB07287 - AN ACT CONCERNING THE STATE BUDGET FOR THE BIENNIUM ENDING JUNE 30, 2027, AND MAKING APPROPRIATIONS THEREFOR, AND PROVISIONS RELATED TO REVENUE AND OTHER ITEMS IMPLEMENTING THE STATE BUDGET.
• HB07288 - AN ACT AUTHORIZING AND ADJUSTING BONDS OF THE STATE AND CONCERNING GRANT PROGRAMS, STATE GRANT COMMITMENTS FOR SCHOOL BUILDING PROJECTS, REVISIONS TO THE SCHOOL BUILDING PROJECTS STATUTES AND VARIOUS PROVISIONS REVISING AND IMPLEMENTING THE BUDGET FOR THE BIENNIUM ENDING JUNE 30, 2027.
• SB00001 - AN ACT INCREASING RESOURCES FOR STUDENTS, SCHOOLS AND SPECIAL EDUCATION.
• SB00070 - AN ACT CONCERNING A CONNECTICUT DAIRY FARMER TAX CREDIT.
• SB00071 - AN ACT CONCERNING A CONNECTICUT FARMER INVESTMENT TAX CREDIT.
• SB00116 - AN ACT ESTABLISHING A TAX CREDIT FOR PREMIUM PAYMENTS FOR CERTAIN LONG-TERM CARE INSURANCE POLICIES.
• SB00119 - AN ACT ESTABLISHING A CHILD TAX CREDIT AGAINST THE PERSONAL INCOME TAX.
• SB00122 - AN ACT ESTABLISHING A TAX CREDIT FOR EDUCATIONAL ACCESS AND OPPORTUNITY SCHOLARSHIPS.
• SB00184 - AN ACT CONCERNING CONSUMER PROTECTION IN THE LONG-TERM CARE INSURANCE MARKET.
• SB00736 - AN ACT CONCERNING RESEARCH AND DEVELOPMENT TAX CREDITS FOR BIOTECHNOLOGY COMPANIES.
• SB00740 - AN ACT ESTABLISHING A REFUNDABLE CHILD TAX CREDIT.
• SB00755 - AN ACT ESTABLISHING A TAX CREDIT FOR THE CONSTRUCTION OF RESIDENTIAL UNITS ABOVE RETAIL PROPERTY.
• SB00778 - AN ACT ESTABLISHING A TAX CREDIT AND AWARDING HOUSING UNIT-EQUIVALENT POINTS FOR THE CONVERSION OF COMMERCIAL AND INDUSTRIAL PROPERTIES FOR RESIDENTIAL USE.
• SB01180 - AN ACT CONCERNING TAX CREDITS FOR TRANSIT-ORIENTED HOUSING DEVELOPMENT PROJECTS.
• SB01246 - AN ACT CONCERNING REVENUE ITEMS TO IMPLEMENT THE BIENNIAL BUDGET.
• SB01263 - AN ACT CONCERNING TAX CREDITS FOR THE CONVERSION OF COMMERCIAL PROPERTIES.
• SB01269 - AN ACT CONCERNING LONG-TERM CARE INSURANCE.
• SB01401 - AN ACT ESTABLISHING DISASTER SAVINGS ACCOUNTS AND A RELATED TAX DEDUCTION AND CREDIT.
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