AN ACT CONCERNING A PERSONAL INCOME TAX CREDIT FOR CERTAIN COLLEGE GRADUATES WITH STEM DEGREES.

HB 5146 would reestablish a personal income tax credit for college graduates who earned degrees in science, technology, engineering, or math (STEM) fields. It directly affects qualifying STEM graduates who meet specific income or residency criteria, reducing their state income tax liability. The bill's key provision creates a refundable tax credit against personal income tax for eligible individuals. This policy change aims to support STEM professionals through direct tax relief, without specifying additional requirements like employment or location.