Substitute for S.B. No. 1
Session Year 2016


To (1) establish a new quasi-public entity to be known as ImpaCT and authorize bonding for such entity; (2) establish an innovation district program, give priority for certain small business express loans to businesses in such districts and authorize bonding for certain uses within such districts; (3) authorize bonding for the provision of evening programs in skilled trades provided by technical high schools; (4) establish an optional tax assessment method for properties within an innovation district; (5) modify certain provisions regarding Connecticut Innovations, Incorporated and transfer certain duties from such corporation to ImpaCT; (6) require such corporation to involve private partners in its venture and investment agreements; (7) require a performance audit of such corporation; (8) require the Commissioner of Economic and Community Development to develop a mentorship network; (9) authorize bonding for The University of Connecticut for hiring staff for its entrepreneurship program; (10) require that moneys from the state-wide tourism account be used for innovation and entrepreneurship marketing; (11) extend the angel investor tax credit for three years and to make such credit transferable; (12) establish a venture loan program and authorize bonding for such program; (13) allow for grants to business accelerators and authorize bonding for such program; (14) allow for the establishment of a knowledge center enterprise zone; (15) authorize bonding for the "Dream It. Do It." Initiative; (16) authorize bonding for a program to add job seekers to the manufacturing talent pipeline; and (17) to authorize bonding for capital improvements to The University of Connecticut Waterbury Downtown Campus.

Introduced by:
Finance, Revenue and Bonding Committee

 New today  2-4 days old  5 days & older
  Add Notes via cookie to SB-1

Add Notes to SB-1

*NOTE: Add to My Bills and Add Notes are cookie-based functions. If device cookies are cleaned, this information will be lost.

*NOTE: Add to My Bills and Add Notes are cookie-based functions. Browser must accept cookies from to function. If browser cookies are cleaned, bills will be lost.

Bill History

 Date Action Taken
 4/25/2016(LCO)File Number 713
 4/25/2016Senate Calendar Number 505
 4/25/2016Favorable Report, Tabled for the Calendar, Senate
 4/25/2016(LCO)Reported Out of Legislative Commissioners' Office
 4/18/2016(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 04/25/16 10:00 AM
 4/8/2016(LCO)Filed with Legislative Commissioners' Office
 4/7/2016(FIN)Joint Favorable Substitute
 3/18/2016Public Hearing 03/22
 3/17/2016Referred to Joint Committee on Finance, Revenue and Bonding
 3/16/2016Drafted by Committee
 2/17/2016(FIN)Vote to Draft
 2/3/2016Referred by Senate to Committee on Finance, Revenue and Bonding

Co-sponsors of SB-1

NOTE: Please direct all inquiries regarding the status of bills to the Office of the House Clerk and/or Senate Clerks' Office.