SB00043Introduced in the Senate
An Act Concerning The Tax Credit For Machinery And Equipment.
Introduced by Paul Cicarella, District 34
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
To replace the current tax credit for machinery and equipment with a tax credit for fifty per cent of the amount spent by a corporation on machinery and equipment acquired for and installed in a facility in this state and including a five-year minimum use and recapture provision.
Where it stands
Referred to Joint Committee on Finance, Revenue and Bonding
February 4, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Referred to Joint Committee on Finance, Revenue and Bonding
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