Conn. legislative leaders have created a task force to study the relationship between the state’s tax system and economic development. The Task Force on Tax Policy and Economic Development will look at how Connecticut’s tax system affects jobs and economic growth. Speaker of the House Moira Lyons (D-Stamford), and Senate President Donald Williams Jr. (D-Brooklyn), said the task force will propose reforms to be considered when the legislature convenes in January. “This is one case where we should require quid pro quo,” Lyons said. “In exchange for tax incentives and tax credits, business must commit to job growth and pledge to remain within Connecticut’s borders for a specific amount of time.” The task force will take testimony from small business owners, good government groups, corporate leaders and other members of the legislature. “There is little doubt we need to reform the corporate tax structure in a way that makes economic sense,” Williams said.
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