Bill Text: CT SB00723 | 2015 | General Assembly | Introduced
Bill Title: An Act Creating Incentives For Defense Contractors To Utilize In-state Subcontractors.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-01-23 - Referred to Joint Committee on Commerce [SB00723 Detail]
Download: Connecticut-2015-SB00723-Introduced.html
General Assembly |
Proposed Bill No. 723 |
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January Session, 2015 |
LCO No. 1396 | ||||
*01396* | |||||
Referred to Committee on COMMERCE |
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Introduced by: |
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SEN. KELLY, 21st Dist. |
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AN ACT CREATING INCENTIVES FOR DEFENSE CONTRACTORS TO UTILIZE IN-STATE SUBCONTRACTORS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That title 12 of the general statutes be amended to establish a Buy Connecticut program that provides sales tax exemptions and research and development tax credits that will encourage defense contractors to utilize the services of in-state subcontractors and businesses.
Statement of Purpose:
To create incentives for defense contractors to use in-state subcontractors and businesses.