Connecticut 2026 Session Status: In Committee Bipartisan · 6 D · 1 R cosponsors

HB 5319 — AN ACT CONCERNING A RESEARCH AND DEVELOPMENT TAX CREDIT FOR SMALL BUSINESSES.

Last action — FAV. CHG. OF REF., SEN. TO COMM. ON Finance, Revenue and Bonding

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced February 26, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 42% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 7 sponsors

    7 primary, 0 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (6 D · 1 R) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

This bill offers a tax credit to small businesses that invest in research and development activities. It aims to encourage innovation and growth among smaller companies.

Bill Text

What changed in the latest version

5 added · 16 removed

Plain-language change summary

The latest version of Bill HB 5319 includes new lines to clarify that the Department of Economic and Community Development will manage a tax credit voucher system specifically for small businesses. This change emphasizes support for small businesses by allowing them to earn credits for their research and development costs. This matters because it could help boost innovation and growth among smaller companies, making it easier for them to invest in new ideas and technologies.

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Latest
LCO No.
LCO 1994 1 of 4 Raised Bill No.
1994 1 of 5 Raised Bill No.5319 (3) "Qualified small business" means a partnership or an S corporation, as both terms are defined in section 12-699 of the general statutes, that (A) has gross income for the previous taxable year that does not exceed seventy million dollars, and (B) has not, in the determination of the commissioner, exceeded such gross income threshold through transactions with a related person, as defined in section 12-217w of the general statutes;
5319 (3) "Qualified small business" means a partnership or an S corporation, as both terms are defined in section 12-699 of the general statutes, that (A) has gross income for the previous taxable year that does not exceed seventy million dollars, and (B) has not, in the determination of the commissioner, exceeded such gross income threshold through transactions with a related person, as defined in section 12-217w of the general statutes;
(c) (1) Any qualified small business may apply to the commissioner, in a form and manner and at a time prescribed by the commissioner, to reserve an allocation for a credit based on the amount of research and LCO No.
(c) (1) Any qualified small business may apply to the commissioner, in a form and manner and at a time prescribed by the commissioner, to reserve an allocation for a credit based on the amount of research and development expenses such business intends to pay or incur for a LCO 1994 2 of 4 Raised Bill No.
1994 2 of 5 Raised Bill No.5319 development expenses such business intends to pay or incur for a taxable year.
5319 taxable year.
LCO No.
(e) If the qualified small business is an S corporation or an entity treated as a partnership for federal income tax purposes, the credit may LCO 1994 3 of 4 Raised Bill No.
1994 3 of 5 Raised Bill No.5319 (e) If the qualified small business is an S corporation or an entity treated as a partnership for federal income tax purposes, the credit may be claimed by the shareholders or partners of such business.
5319 be claimed by the shareholders or partners of such business.
Section 1 from passage and New section applicable to taxable years commencing on or after January 1, 2026 Statement of Purpose:
Section 1 from passage and New section applicable to taxable years commencing on or after January 1, 2026 CE Joint Favorable C/R FIN LCO 1994 4 of 4
To require the Department of Economic and Community Development to administer a system of tax credit vouchers to allow qualified small LCO No.
1994 4 of 5 Raised Bill No.
5319 businesses to earn and utilize credits for research and development expenses.
[Proposed deletions are enclosed in brackets.
Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.] LCO No.
1994 5 of 5
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Action History

  1. FAV. CHG. OF REF., SEN. TO COMM. ON Finance, Revenue and Bonding

  2. FAV. CHG. OF REF. HOUSE TO COMM. ON Finance, Revenue and Bonding

  3. RPTD. OUT OF LCO

  4. FILED WITH LCO

  5. Joint Favorable Change of Reference FIN

  6. PUBLIC HEARING 0303

  7. REF. TO JOINT COMM. ON Commerce

Sponsors

Sponsorship breakdown

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7 sponsors · 0 co-sponsors · 180 not signed on

Sponsors (7)

Co-sponsors (0)

None.

Not signed on (180)

180 members have not signed on to this bill.

Show all 180 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation technology
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 5319 do?
This bill offers a tax credit to small businesses that invest in research and development activities. It aims to encourage innovation and growth among smaller companies.
Who sponsors HB 5319?
HB 5319 is sponsored by Hector Arzeno (Democratic), Savet Constantine (Democratic), Michael D. Quinn (Democratic), Kerry S. Wood (Democratic), Christopher Poulos (Democratic), Tom Delnicki (Republican), and Patrick S. Boyd (Democratic).
What is the current status of HB 5319?
This bill is in committee in the House. Introduced February 26, 2026. It must pass committee before a floor vote.
Where can I track HB 5319?
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