AN ACT ESTABLISHING THE CONNECTICUT GROWTH INVESTMENT FUND.

This bill creates the Connecticut Growth Investment Fund, allowing state residents to invest a portion of their potential estate tax liability in exchange for tax benefits. Connecticut Innovations, Incorporated will manage the fund, investing the money exclusively in local businesses while reserving at least 10% for ventures founded by university students or faculty. Residents can choose to contribute 30%, 40%, or 50% of their estimated estate tax exposure, with higher contributions receiving priority access to investment returns. If a resident stays in Connecticut for at least five years after investing, their initial payment remains in the fund and their estate tax liability is eliminated; if they leave the state or die sooner, they may receive their money back or forfeit some returns based on how long they held the investment.