Bill
HB 6807
HB 6807 would create targeted tax incentives for small and start-up businesses in Windham County and other low-income counties, aiming to boost jobs and local economies.
HB 6807 Summary (Introduced January 29, 2025)
Overview
- Bill number and title: HB 6807 — AN ACT CONCERNING TAX BENEFITS FOR SMALL AND START-UP BUSINESSES LOCATED IN WINDHAM COUNTY AND OTHER LOW-INCOME COUNTIES IN THE STATE.
- Status: Introduced and referred on 2025-01-29 to the Joint Committee on Finance, Revenue and Bonding.
- Purpose (as indicated by title and subject): To establish or expand state tax benefits targeted at small and start-up businesses located in Windham County and other counties identified as low-income or distressed, with the aim of supporting entrepreneurship and economic development in those areas.
What the bill would do (based on the title and subject)
- Targeted tax benefits: Create or extend tax incentives specifically for small and start-up businesses operating in Windham County and other low-income counties.
- Geographic focus: Windham County is explicitly named; other low-income counties are included by reference, broadening the reach beyond Windham.
- Policy objective: Encourage business formation, job creation, and economic activity in economically distressed municipalities through selective tax relief.
What is known versus not yet specified
- Known from the bill’s title: The core objective is to provide tax benefits to small and start-up businesses in Windham County and similar counties.
- Not specified in the provided information: The exact nature of the tax benefits (e.g., credits, exemptions, deferrals), eligibility criteria (e.g., size of business, industry, tenure, number of employees), benefit amounts or caps, duration/sunset, administration or oversight, reporting requirements, and any funding or fiscal impact provisions.
- Procedural note: The bill has been referred to the Joint Committee on Finance, Revenue and Bonding, which will review the fiscal implications and policy details before moving to consideration by the full legislature.
Who would be affected
- Primary beneficiaries: Small and start-up businesses located in Windham County and other designated low-income counties.
- Secondary effects: Local workforce and economies in distressed municipalities; state tax revenue and administrative agencies (as beneficiaries of the tax incentive program and as administrators).
Timeline and procedural aspects
- Introduced: January 29, 2025.
- Current stage: Referraled to the Joint Committee on Finance, Revenue and Bonding for review and potential amendment.
- Next steps: Release of the bill text and fiscal notes; potential committee hearings, amendments, and votes; eventual floor consideration by the legislature.
Notes for readers
- The full text is not provided here. For a complete understanding, review the actual bill language, any fiscal impact statements, and subsequent committee actions. Look for eligibility details, specific tax benefit mechanisms, duration, caps, compliance requirements, and sunset provisions.
Compiled from official sources — confirm details with the bill’s official record.
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