Tax Incentives

Page 2 of 3

• Digital Media & Motion Picture Tax Credit

  Apply for tax credits of up to 30% for production and post-production expenses in Connecticut.

• Manufacturing Machinery and Equipment Tax Exemption

  Learn about a five-year, 100% property tax exemption for manufacturers buying eligible equipment.

• Angel Investor Tax Credit

  Learn how to gain a state income tax credit by investing at least $25,000 in a qualifying startup.

• Sales and Use Tax Exemption

  Discover tax relief for the purchase of qualified tangible property or projects contributing significantly to a targeted industry cluster.

• Corporate Business Tax Exemption

  See if your business is in one of four sectors earmarked for corporate tax relief.

• Municipal Tax Abatements

  Learn about local tax relief for firms making real estate and manufacturing equipment purchases.

• Railroad Depot Zone

  Get the facts on incentives for businesses developing facilities around abandoned or underutilized railroad depots.

• Entertainment District

  Read which localities may offer manufacturing facilities the same Statutory benefits for plants, buildings and other real property improvements located in an entertainment district of a Targeted Investment Community.

• Qualified Manufacturing Plant

  Learn how manufacturers with plants of at least 500,000 square feet can qualify for tax abatements and credits.

• Accumulated R&D Tax Credit Expansion Program

  Learn how to capitalize on unused tax credits if your capital project can increase jobs and deliver significant ROI to the state.

• Defense Plant Zone

  Look into relief for communities hurt by a defense contract cutback or the closing of a major aerospace/defense plant.

• Enterprise Zone (targeted investment communities)

  Learn about which Connecticut cities and towns are approved to offer property tax incentives for acquisition, new construction and/or substantial renovation under CGS Sec. 32-70.

• A Summary of Connecticut's Enterprise Zone Program

  Learn about the different types of Enterprise Zones that offer diverse advantages for your business.

• Manufacturing Plant Zone

  See how qualifying municipalities can obtain this designation and earn Enterprise Zone benefits.

• Bioscience Enterprise Corridor Zone

  See how your company can take advantage of Enterprise-Zone benefits in targeted geographic areas.