Page 206

House Bill No. 5506

Public Act No. 22-118 206 of 739

(iv) portfolio leverage ratio; Sec. 158. (Effective from passage) The Commissioner of Economic and Community Development shall, in consultation with the Commissioner of Revenue Services, conduct a study regarding whether to extend research and development tax credits to pass-through entities. Not later than January 1, 2023, the commissioner shall report, in accordance with the provisions of section 11-4a of the general statutes, regarding such study to the joint standing committee of the General Assembly having cognizance of matters relating to commerce. Sec. 159. Subsection (b) of section 22a-134tt of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage): (b) The commissioner, or his or her designee, shall co-chair and convene, in conjunction with the Commissioner of Economic and Community Development, or his or her designee, a working group in the department for the purpose of providing advice and feedback for regulations to be adopted by the commissioner in accordance with the provisions of this section. The Commissioner of Economic and Community Development, or his or her designee, shall serve as co-chair of such working group. The membership of the working group shall include: (1) The chairpersons and ranking members of the joint standing committees of the General Assembly having cognizance of matters relating to the environment and commerce; (2) environmental transaction attorneys; (3) commercial real estate brokers; (4) licensed environmental professionals; (5) representatives from the Connecticut Manufacturers' Collaborative; (6) representatives of environmental advocacy groups; (7) representatives of the Environmental Professionals Organization of Connecticut; (8) municipal representatives; (9) representatives from the brownfields working group established pursuant to section 32-770; (10) representatives of the Connecticut Conference of Municipalities and the Connecticut Council