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.
Introduced by:
Sen. Paul Cicarella, 34th Dist.| New today | 2-4 days old | 5 days & older |
| Text of Bill | |
| Proposed Bill [doc] |
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Bill History
| Date | Action Taken | ||
|---|---|---|---|
| 2/4/2026 | Referred to Joint Committee on Finance, Revenue and Bonding |
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