AN ACT CONCERNING THE CAP ON RESEARCH AND DEVELOPMENT TAX CREDITS.

HB 5147 (2025) increases the annual limit on research and development (R&D) tax credits that businesses can claim in Connecticut. The bill amends Title 12 of the general statutes to raise the cap on these credits, directly affecting companies that qualify for R&D tax incentives. This change allows eligible businesses to utilize a higher amount of R&D credits against their state tax liability in a single tax year. The policy change is a straightforward adjustment to existing tax credit rules without altering eligibility criteria.