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Conn. House overwhelmingly passes UTC tax credits

HARTFORD, Conn. (AP) The Connecticut House of Representatives has overwhelmingly approved a $400 million tax credit exchange deal, reached by Gov. Dannel P. Malloy's administration with the state's largest private employer, United Technologies Corp.

Legislation endorsing the tentative agreement reached between the state and UTC passed Thursday on a bipartisan 134-4 vote, with four Republicans in opposition.

It now moves to the Senate for final legislative action.

Malloy applauded the House vote. He said the deal requires UTC to invest up to $500 million to expand its aerospace research and development and manufacturing facilities over the next five years. UTC also expects to invest up to $4 billion in research and other capital spending in the state.

House Minority Leader Lawrence Cafero supported the bill but expressed concerned about the large sums involved.

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Dave Rinelli

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