X hits on this document

280 views

0 shares

0 downloads

0 comments

24 / 78

Credit Percentage

The credit amount applied against the corporation business tax is equal to:

  • 100% of the corporation business tax liability in years 1 through 3; and

  • 50% of the corporation business tax liability in years 4 through 10.

Carryforward/Carryback Limitations

No carryforward or carryback is allowed. How to Apply

Corporations may call DECD at 860-270-8143 and request the Enterprise Zone Program pre-application questionnaire.

Upon review of the completed pre-application questionnaire, a DECD staff representative will contact the corporation to discuss the program further and to explain the formal application process. The completion of the initial questionnaire does not constitute a formal application for the credit.

Once a formal application is approved, DECD will issue to the corporation Forms UT-4, Eligibility Certificate for Enterprise Zone Benefits, and UT-9, Claim for Corporate Business Tax Credit Under the Provisions of the Enterprise Zone Program.

Where to Get Additional Information

Direct inquiries to:

Department of Economic and Community Development 505 Hudson Street Hartford CT 06106

860-270-8143 www.ct.gov/ecd

REFERENCES: Conn. Gen. Stat. §§12-217v, 32-9p, and 32-70

24

Informational Publication 2006(15), Guide to Connecticut Business Tax Credits Issued: 04/24/07

Document info
Document views280
Page views280
Page last viewedFri Dec 09 15:50:57 UTC 2016
Pages78
Paragraphs1930
Words24732

Comments