Difference between revisions of "Fixed Capital Investment Tax Credit (Connecticut)"

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|Incentive/Type=Corporate Tax Incentive
 
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|Incentive/Name=Fixed Capital Investment Tax Credit (Connecticut)
 
|Incentive/Name=Fixed Capital Investment Tax Credit (Connecticut)
|Incentive/Website=http://www.ct.gov/ecd/cwp/view.asp?a=1097&q=253522
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|Incentive/Website=http://www.ct.gov/ecd/cwp/view.asp?a=3931&q=462618&ecdNavPage=%7C
 
|Incentive/UserSource=http://www.ct.gov/ecd/lib/ecd/guide_to_ct_business_tax_credits_3-1-12.pdf,
 
|Incentive/UserSource=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=
 
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|Incentive/ApplDsc=Commercial
 
|Incentive/ApplDsc=Commercial
 
|Incentive/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.
 
|Incentive/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.
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}}
 
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{{Incentive Contact
 
{{Incentive Contact
|Incentive/ContDept=Connecticut Department of Economic and Community Development  
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|Incentive/ContDept=Connecticut Department of Economic and Community Development
|Incentive/ContPhone=860-270-8000    
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|Incentive/ContPhone=860-270-8000
 
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Revision as of 13:57, 2 July 2013


Last modified on July 2, 2013.

EZFeed Policy

Place 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 7/2/13


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