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SB 43CONNECTICUTSession 2026State Billdead

Did Not Advance

Connecticut bill replaces machinery tax credit with 50 percent corporation credit requiring five-year facility use

Original title: AN ACT CONCERNING THE TAX CREDIT FOR MACHINERY AND EQUIPMENT.

Last action · February 4, 2026: Referred to Joint Committee on Finance, Revenue and BondingSponsor: Paul Cicarella

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

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What This Bill Proposed

Proposed Bill No. 43 replaces the existing machinery and equipment with a new credit equal to fifty percent of corporate expenditures on machinery and equipment acquired for and installed in a state facility, contingent upon a five-year minimum use requirement and repayment provisions if that term is not met.

Why it matters

Corporations investing in in-state machinery face altered tax liability calculations and a mandatory five-year retention period under penalty of full credit repayment.

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

Corporations

Key Facts

Replaces the current machinery and equipment tax credit with a credit covering fifty percent of amounts spent by a corporation.
Applies to machinery and equipment acquired for and installed in a facility within the state, regardless of the number of employees.
Requires the machinery or equipment to be used in the facility for a minimum of five years after installation.
Mandates that corporations fully repay the tax credit if the five-year minimum use requirement is not met.

Show all 5 facts

Amends section 12-217o of the general statutes.

Frequently Asked Questions

What percentage of machinery and equipment spending does the proposed tax credit cover?

The proposed covers fifty per cent of the amount spent by a corporation on machinery and equipment acquired for and installed in a facility in the state.

What happens if a corporation does not use the machinery or equipment for the required five years?

The full amount of the must be repaid by the corporation if the five-year minimum use is not met.

What else do you want to know?

News Coverage

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Where This Stands

This bill did not become law - Died at adjournment · in Senate committee.

Procedural history

1 action

Feb 4, 2026Connecticut General AssemblyCommittee
Referred to Joint Committee on Finance, Revenue and Bonding

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Connected Entities

Senate and House of Representatives, General Assembly, Finance, Revenue and Bonding

OrganizationSenate and House of Representatives“Legislative chambers convened in General Assembly.”Map →

OrganizationGeneral Assembly“The legislative body convening for the February Session, 2026.”Map →

OrganizationFinance, Revenue and Bonding“Committee to which Proposed Bill No. 43 was referred.”Map →

Sources

Open source document

cga.ct.gov

Analysis Score

0–100

Significance20
Lowered because this bill did not pass (its text scored 45)
Controversy20
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz15
Current news / social attention level

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