Alternative Fueled Vehicle Incremental Cost Credit (Connecticut)

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place	Connecticut
Name	Alternative Fueled Vehicle Incremental Cost Credit
Incentive Type	Corporate Tax Credit
Applicable Sector	Commercial
Eligible Technologies	Photovoltaics
Active Incentive	No
Implementing Sector	State/Territory
Energy Category	Renewable Energy Incentive Programs
Amount	10%
Expiration Date	2002-01-01
Maximum Incentive	None
Program Administrator	Connecticut Clean Energy Fund
References	DSIRE

Summary

Connecticut offers a corporate business tax credit in the amount of 10% of the incremental cost of alternative fuel vehicle. For example, a vehicle normally priced at $15,000 that costs $20,000 due to added alternative fuel features, would be eligible for a credit of $500 ($5,000 x 10%). This credit is allowable for vehicles powered exclusively by natural gas, propane, or electricity. There is no limit to the total amount of the credit, which if greater than the total amount of taxes due in one year, may be carried forward for up to three years.

Authorities (Please contact the if there are any file problems.)

Authority 1:	C.G.S. 12-217i; Public Act 95-15(a)
Date Enacted	1994-01-01
Expiration Date	2002-01-01

Incentive Contact

Contact Name	Project Manager, Fuel Cell RFP
Department	Connecticut Clean Energy Fund
Address	200 Corporate Place, 3rd Floor
Place	Rocky Hill, Connecticut
Zip/Postal Code	06067
Phone	(860) 563-0015
Email	cefinfo@ctinnovations.com
Website	http://www.ctcleanenergy.com

Contact Name	Department of Revenue Services
Address	25 Sigourney Street, Suite 2
Place	Hartford, Connecticut
Zip/Postal Code	06106-5032
Phone	(860) 297-5962
Phone 2	(800) 382-9463
Website	http://www.ct.gov/drs/cwp/view.asp?a=1456&q=450296

• Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.