Connecticut HB05571 Creates Tax Credit, Angel Investor Provisions
Connecticut Legislative Events
Summary
Connecticut HB05571 proposes to establish a tax credit for qualified operators entering certain agreements and create a 15-member working group to examine market-based sourcing of investment asset income for financial institutions. The bill also revises requirements for the angel investor tax credit program, updates the state definition of research and experimental expenditures to conform with recent federal changes, and revises the definition of eligible farmer for farm investment property tax credits.
What changed
HB05571 proposes multiple tax credit modifications affecting investors, agricultural firms, and financial institutions. The bill establishes a new tax credit for qualified operators, revises the angel investor tax credit program requirements, and updates definitions for research and experimental expenditures to track federal changes. A new working group would examine the state's application of market-based sourcing to investment asset income for financial institutions.
Affected parties should monitor this bill through the legislative process. Angel investors and Connecticut startups seeking investment should track eligibility requirement changes. Agricultural firms should review revised eligible farmer definitions for farm investment property credits. Financial institutions should note the proposed working group examining market-based sourcing methodology, which could affect how investment asset income is sourced and taxed in Connecticut.
What to do next
- Investors and startups should monitor HB05571 for potential angel investor tax credit opportunities
- Agricultural firms should review eligibility changes for farm investment property tax credits
- Financial institutions may anticipate participation in the working group on market-based sourcing
Archived snapshot
Apr 11, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
ChangeBridge / Connecticut / HB05571 Enrolled HB05571 House Bill Enrolled 2026-03-20
An Act Establishing A Tax Credit For Qualified Operators And A Working Group To Examine Market-based Sourcing For Certain Investment Assets Income And Concerning The Angel Investor Tax Credit And The Definitions For Certain Tax Credits.
To (1) establish a tax credit for qualified operators that have entered into certain agreements, (2) establish a working group to examine the state's application of market-based sourcing to income from investment assets for financial institutions, (3) revise certain requirements for the angel investor tax credit, (4) update the definition of "research and experimental expenditures" in section 12-217j of the general statutes to account for changes made at the federal level, and (5) revise the definition of "eligible farmer" for purposes of the tax credit for farm investment property.
Bill Details
State Connecticut
Session 2026 General Assembly
Chamber House
Official Source www.cga.ct.gov/asp/cgabillstatus/cgabillst...
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Sponsors
Finance, Revenue and Bonding Committee
Action History
2026-04-01 H Filed with Legislative Commissioners' Office 2026-03-31 H Joint Favorable 2026-03-23 H Public Hearing 03/27 2026-03-20 H Referred to Joint Committee on Finance, Revenue and Bonding
Votes
2026-03-31 FIN Vote Tally Sheet (Joint Favorable) Yea: 47 Nay: 7
Committee Referrals
2026-03-20 J Finance, Revenue and Bonding
Bill Text Versions
2026-03-19 Introduced Legislative data powered by LegiScan (CC BY 4.0)
Named provisions
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