AN ACT ESTABLISHING A QUALIFIED PRODUCTION PROPERTY DEDUCTION.

Plain English Breakdown

The official source material does not provide details on eligibility criteria or the financial impact of the deduction.

Creating a State Tax Deduction for Production Property

This act establishes a new state tax deduction that matches the federal tax deduction for production property.

What This Bill Does

• Establishes a state tax deduction equal to the amount of the federal qualified production property deduction claim.
• Amends title 12 of the general statutes to include this new deduction.

Who It Names or Affects

• Businesses that own or lease qualified production property
• Taxpayers who file state tax returns

Terms To Know

Qualified Production Property

Property used in the manufacturing, producing, growing, or extracting of certain products.

Limits and Unknowns

• The bill does not specify which businesses are eligible for this deduction.
• It is unclear how much money will be saved by taxpayers due to this new deduction.

Official Summary Text

To establish a state tax deduction for the amount of the federal qualified production property deduction claim.

Current Bill Text

LCO No. 1026 1 of 1

General Assembly Proposed Bill No. 5203
February Session, 2026 LCO No. 1026

Referred to Committee on COMMERCE

Introduced by:
REP. ROCHELLE, 104th Dist.

AN ACT ESTABLISHING A QUALIFIED PRODUCTION PROPERTY
DEDUCTION.
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 state tax 1
deduction for the amount of the federal qualified production property 2
deduction claim. 3
Statement of Purpose:
To establish a state tax deduction for the amount of the federal qualified
production property deduction claim.