AN ACT RESTORING THE RATE OF THE CREDIT AGAINST THE AFFECTED BUSINESS ENTITY TAX.

SB 68 restores a 93.01% tax credit against the "affected business entity tax" by amending Chapter 228z of the general statutes. This bill directly affects businesses subject to the affected business entity tax by increasing the credit they can claim against their tax liability. The key provision changes the credit rate back to 93.01%, reversing a prior reduction. This is a straightforward policy adjustment to the tax code with no additional requirements or new programs.