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2019 SB 1026: An Act Establishing Certain Incentives To Grow The Bioscience Industry In The State.

To (1) eliminate the capital base tax for companies with less than five hundred thousand dollars of net income in an income year; (2) eliminate the cap on the aggregate amount of tax credits and excess tax credits allowable to businesses subject to the corporation business tax; (3) require the Commissioner of Economic and Community Development to implement the development, research and economic assistance matching grant program; (4) require Connecticut Innovations, Incorporated to contract with an advertising agency to develop a marketing plan, social media campaign, and Internet web site to promote the state as a bioscience hub; and (5) establish the position of biotechnology ambassador within the Department of Economic and Community Development.

Sponsors

  • Haines, Irene M.,
  • Comey, Robin E.,
  • Altobello, Emil "Buddy",
  • Boyd, Patrick S.,
  • Rochelle, Kara,
  • Blumenthal, Matt,
  • Borer, Dorinda,
  • Hwang, Tony,
  • Gresko, Joseph P.,
  • Santiago, Hilda E.,
  • Dathan, Lucy,
  • Anwar, Saud,
  • Yaccarino, Dave W.,
  • Rutigliano, David,
  • Devlin, Laura M.,
  • Exum, Tammy R.,
  • Reyes, Geraldo C.,
  • Sredzinski, J.P.,
  • Steinberg, Jonathan,
  • Genga, Henry J.,
  • Klarides-Ditria, Nicole,
  • Cheeseman, Holly H.,
  • Floren, Livvy R.,
  • D'Amelio, Anthony J.,
  • Zullo, Joseph H.,
  • Petit, William A.,

Actions

2019-03-07 upper REF. TO JOINT COMM. ON Commerce
2019-03-08 upper PUBLIC HEARING 0312
2019-03-19 upper Joint Favorable Substitute
2019-03-19 upper FILED WITH LCO
2019-03-28 upper REFERRED TO Office of Legislative Research AND Office of Fiscal Analysis 04/02/19
2019-04-03 upper RPTD. OUT OF LCO
2019-04-03 upper FAV. RPT., TAB. FOR CAL., SEN.
2019-04-03 upper SENATE CALENDAR NUMBER 182
2019-04-03 upper FILE NO. 382
2019-05-16 upper SEN. ADOPTED SEN. AMEND. SCH. A
2019-05-16 upper SEN. PASSED, SEN. AMEND. SCH. A
2019-05-16 upper ON CONSENT CALENDAR
2019-05-17 upper FAV. RPT., TABLED FOR HOUSE CALENDER
2019-05-17 upper HOUSE CALENDAR NUMBER 618
2019-06-01 upper HOUSE ADOPTED SEN. AMEND. SCH. A
2019-06-01 upper HOUSE PASSED, SEN. AMEND. SCH. A
2019-06-01 upper IN CONCURRENCE
2019-06-05 upper PUBLIC ACT 19-21
2019-06-06 upper TRANSMITTED TO SECRETARY OF THE STATE
2019-06-06 upper TRANSMITTED BY SECRETARY OF THE STATE TO GOVERNOR
2019-06-13 upper SIGNED BY GOVERNOR

Behind the Bill