PA 12-65—SB 227

Commerce Committee

AN ACT CONCERNING CORRECTIONS TO CERTAIN CENSUS DESIGNATIONS

SUMMARY: This act reconfigures Bristol's portion of the multi-town Bioscience Enterprise Corridor Zone by removing two residential census tracts and designating two commercial and industrial ones instead. Consequently, bioscience businesses in these commercial and industrial tracts now qualify for the zone's incentives, which are property tax exemptions and corporation business tax credits for improving property and creating jobs. The zone consists of statutorily designated census tracts, blocks, and groups in Hartford, Farmington, New Britain, Bristol, and Plainville.

EFFECTIVE DATE: Upon passage

OLR Tracking: JR: KM: JL: ro