Raised S.B. No. 1055
Session Year 2017


AN ACT CONCERNING STRANDED TAX CREDITS AND STRATEGIC ECONOMIC DEVELOPMENT.

To (1) establish additional methods for businesses to exchange certain stranded tax credits by investing in capital projects in the state, in technical education initiatives or in the business's corporate venture fund, (2) allow the film production tax credit to be claimed against the sales and use taxes, for a fee to fund technical education initiatives, and (3) allow the estate of a decedent who dies on or after January 1, 2021, to reduce the estate tax liability for certain amounts invested pursuant to a tax credit auction.