Tax Incentives

Page 2 of 3

• Insurance Reinvestment Tax Credit

  See how insurers that invest with approved fund managers can earn a 100% insurance premium tax credit.

• Corporate Business Tax Credits

  Explore this overview for more information on all the Connecticut Business Tax 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.

• 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.

• Municipal Tax Abatements

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

• Corporate Business Tax Exemption

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

• Manufacturing and Biotech Sales and Use Tax Exemption

  See if your manufacturing or biotech company is eligible for a 100% or 50% tax exemption.

• 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.

• 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.

• An Overview on the Opportunity Zone Program

  Find incentives for eligible businesses to relocate and/or expand projects within a designated distressed community.