AN ACT REESTABLISHING THE JOB EXPANSION TAX CREDIT PROGRAM.

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Rep. Bill Buckbee, 67th Dist.
Last action: 2026-02-06
Official status: Referred to Joint Committee on Finance, Revenue and Bonding
Effective date: Not listed

Plain English Breakdown

The official source material does not provide details on the specific benefits or requirements of the program.

Rebuilding Job Expansion Tax Credit Program

This act brings back a tax credit program that helps businesses create more jobs.

What This Bill Does

Brings back the Job Expansion Tax Credit Program.

Terms To Know

Tax Credit: Money a company can subtract from the taxes they owe, which helps them save money.

Limits and Unknowns

The bill does not specify how much tax credit companies will receive.
It is unclear what specific requirements businesses must meet to qualify for the credits.

Bill History

2026-02-06 Connecticut General Assembly
Referred to Joint Committee on Finance, Revenue and Bonding

Official Summary Text

To reestablish the job expansion tax credit program.

Current Bill Text

Read the full stored bill text

LCO No. 271 1 of 1

General Assembly Proposed Bill No. 5070
February Session, 2026 LCO No. 271

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. BUCKBEE, 67th Dist.

AN ACT REESTABLISHING THE JOB EXPANSION TAX CREDIT
PROGRAM.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That section 12 -217pp of the general statutes be amended to 1
reestablish the job expansion tax credit program. 2
Statement of Purpose:
To reestablish the job expansion tax credit program.