ANNOUNCED AS TEMPORARYNo
Tax or social insurance relief
The state of Connecticut provides Urban and Industrial Site Reinvestment corporate tax credits of up to 100% for an investment, up to a maximum of $100 million, if the firm is locating in an urban area or on an industrial site. The minimum investment is $5 million in distressed communities; $2 million for a historic preservation facility redeveloped for mixed use; or $50 million in all other communities. The program caps total expenditures for this program at $200 million. The commissioner must submit any requests for credits over $20 million to the legislature for its review and approval.
One beneficiary of these tax credits was Fuel Cell Energy, Inc., which in 2015 received a $10,000,000 tax credit.
⚑ Please report this page in case you detect an inaccuracy in its content.