AN ACT ESTABLISHING A CREDIT AGAINST THE PERSONAL INCOME TAX FOR CERTAIN EMPLOYEES OF DEFENSE CONTRACTORS AND OF DIRECT SUPPLIERS AND SUBCONTRACTORS OF DEFENSE CONTRACTORS.

Plain English Breakdown

The effective date is unknown as the provided metadata lists an empty field and only shows committee referral status.

Tax Credit Bill for Defense Industry Workers

This bill creates a $500 tax credit against personal income taxes for eligible employees of defense contractors, direct suppliers, and subcontractors who meet specific income limits.

What This Bill Does

• Creates a five hundred dollar credit against the personal income tax.
• Limits the credit to employees of defense contractors and their direct suppliers or subcontractors.
• Sets an adjusted gross income limit of less than one hundred twenty-five thousand dollars for single filers.
• Sets an adjusted gross income limit of less than two hundred fifty thousand dollars for married individuals filing jointly.

Who It Names or Affects

• Employees working for defense contractors
• Employees working for direct suppliers or subcontractors of defense contractors

Limits and Unknowns

• The official text does not state when the credit will begin.
• The provided excerpt does not define exactly which companies count as direct suppliers or subcontractors.

Official Summary Text

To establish a credit against the personal income tax of five hundred dollars for certain employees of defense contractors and of direct suppliers and subcontractors of defense contractors.

Current Bill Text

LCO No. 494 1 of 1

General Assembly Proposed Bill No. 95
February Session, 2026 LCO No. 494

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
SEN. PERILLO J., 21st Dist.

AN ACT ESTABLISHING A CREDIT AGAINST THE PERSONAL
INCOME TAX FOR CERTAIN EMPLOYEES OF DEFENSE
CONTRACTORS AND OF DIRECT SUPPLIERS AND
SUBCONTRACTORS OF DEFENSE CONTRACTORS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That chapter 229 of the general statutes be amended to establish a 1
credit against the personal income tax of five hundred dollars for 2
employees of defense contractors and of direct suppliers and 3
subcontractors of defense contractors, with adjusted gross income of 4
less than one hundred twenty-five thousand dollars for single filers and 5
less than two hundred fifty thousand dollars for married individuals 6
filing jointly. 7
Statement of Purpose:
To establish a credit against the personal income tax of five hundred
dollars for certain employees of defense contractors and of direct
suppliers and subcontractors of defense contractors.