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Top 3 ned lamont News Today

#1
CT small businesses hope their latest R&D tax credit push pays off
#1 out of 3
business18h ago

CT small businesses hope their latest R&D tax credit push pays off

  • Connecticut moves to expand R&D credits to small businesses and pass-throughs as part of the governor's budget plan.
  • The proposed credits would target companies with less than $70 million in gross income, with a 6% credit rate.
  • The bill would cap credits at $25 million annually and can refund leftovers to eligible companies.
  • Supporters argue expanded credits would broaden Connecticut’s innovation pipeline and attract investment.
  • Biotech and advanced manufacturing sectors are eyeing the credits to sustain growth and jobs.
  • Advocates say credits could help small firms compete with larger states on innovation.
  • The legislation would maintain a focus on innovation hubs and clusters in New Haven and beyond.
  • Lawmakers stress the need for careful evaluation of the credits amid budget considerations.
  • The debate underscores Connecticut’s aim to stay competitive with nearby states in R&D investment.
  • Past attempts to expand credits faced hurdles; lawmakers recall previous bills like HB 7008 and HB 5488.
  • Public hearings and testimony highlight the bill's potential impact on small manufacturers like Linemaster and Rowley Spring.
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#2
Lamont vetoes speedy earmarks: ‘My objection is to the process’
#2 out of 3
politics13h ago

Lamont vetoes speedy earmarks: ‘My objection is to the process’

  • Lamont vetoed four million dollars in line-item funding from six sections of an emergency-certified bill, aiming for more transparency in state spending.
  • The governor said the objection is to the process, not the missions of the programs named in the bill.
  • Lamont noted that earmarks bypass committees and public hearings, calling for greater oversight of taxpayer funds.
  • One vetoed item would have funded CREC in Hartford for a teacher training program, tied to a senator’s influence under investigation by the FBI.
  • Lamont emphasized other provisions of SB 298, including health and safety standards for warehouse workers and police training enhancements.
  • Lamont’s veto follows a Connecticut Mirror report about his plan to veto line items, drawing criticism from Senate Democratic leaders Looney and Duff.
  • Lamont approved other agenda items in SB 299, which addresses bottle-deposit fraud and related issues.
  • The veto action reflects Lamont’s push for transparency in how earmarked funds are proposed, reviewed, and distributed.
  • Lamont’s veto targeted a mix of Department of Economic and Community Development, Judicial Department, and Education allocations in SB 298.
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#3
Connecticut Passes Teamsters-Backed Warehouse Worker Protection Law
#3 out of 3
politics11h ago

Connecticut Passes Teamsters-Backed Warehouse Worker Protection Law

  • Connecticut passes a Teamsters-backed Warehouse Worker Protection Law expanding rights and enforcement.
  • Workers gain the right to sue employers and the attorney general can pursue civil action for violations.
  • Governor Lamont signed the bill after a multi-year effort by Connecticut Teamsters.
  • Connecticut is the first New England state to pass warehouse worker protection legislation.
  • The law aligns with similar protections already enacted in several other states.
  • Teamsters officials praised lawmakers for their support of workers' safety.
  • The law targets quotas and supervisory practices that can raise injury risk.
  • The article notes the law provides enforcement mechanisms and civil action options.
  • Teamsters International VP Rocco Calo commented on the victory.
  • The bill passage is framed as a response to 'race to the bottom' practices cited by supporters.
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