AN ACT ESTABLISHING A TAX CREDIT FOR QUALIFIED OPERATORS AND A WORKING GROUP TO EXAMINE MARKET-BASED SOURCING FOR CERTAIN INVESTMENT ASSETS INCOME AND CONCERNING THE ANGEL INVESTOR TAX CREDIT AND THE DEFINITIONS FOR CERTAIN TAX CREDITS.

This bill creates a tax credit for the operator of PeoplesBank Arena in Hartford, providing up to $5 million annually for income years starting in 2026 if the operator signs a long-term agreement to host at least 15 state-sponsored events each year. It also establishes a working group to study how Connecticut taxes investment income for financial institutions and updates definitions for the Angel Investor Tax Credit to clarify who qualifies as an angel investor and what types of businesses are eligible. The working group will include state officials and legislative committee chairs, and it must submit its findings by January 1, 2027.