February 18, 2015

New Report: Connecticut's Business Tax Credits

OLR Report 2015-R-0049 describes Connecticut’s various business tax credits.

Connecticut offers over 30 business tax credits for actions ranging from purchasing machinery and equipment to investing in start-up technology businesses. Some of the credits apply to money or assets businesses donate for public or charitable purposes, such as the Neighborhood Assistance tax credit. Most apply to one or more business taxes; a few apply to the personal income tax.

This report, which updates a 2013 OLR report, groups the credits by purpose and summarizes each group.

Click here to read the full report.