AN ACT CONCERNING THE TAX CREDIT FOR MACHINERY AND EQUIPMENT.
Sponsored By: Paul Cicarella (Republican)
Introduced
Summary
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.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Paul Cicarella
Republican • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Referred to Joint Committee on Finance, Revenue and Bonding
2/4/2026legislature
Bill Text
Proposed Bill
2/4/2026
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