Fixed Capital Investment Tax Credit (Connecticut)

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Last modified on February 12, 2015.

EZFeed Policy

Place Connecticut


   
Applies to States or Provinces Connecticut
Name Fixed Capital Investment Tax Credit (Connecticut)
Policy Category Financial Incentive
Policy Type Corporate Tax Incentive
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes

Implementing Sector State/Province



























Program Administrator Connecticut Department of Economic and Community Development
Primary Website http://www.ct.gov/ecd/cwp/view.asp?a=3931&q=462618&ecdNavPage=%7C



Last Review 2014-09-15


Information Source http://www.ct.gov/ecd/lib/ecd/guide_to_ct_business_tax_credits_3-1-12.pdf,

http://www.ct.gov/ecd/cwp/view.asp?a=1097&q=437460&ecdNav=


Summary

The Fixed Capital Investment Tax Credit allows a tax credit of 5% of the amount paid for any new fixed capital investment. Companies with fewer than 800 full-time employees may take a tax credit for machinery and equipment purchased and installed in a facility. The credit is based on a percentage of the amount spent on machinery that exceeds the amount spend on machinery in the preceding income year. A tax credit of 5% of the incremental increase is available for companies with 251 to 800 full-time employees. Companies with fewer than 250 full-time employees may take a tax credit equal to 10% of the incremental increase.



Policy Contact

Department Connecticut Department of Economic and Community Development





Phone 860-270-8000




     
     


















References