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.
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
REFERENCES: Conn. Gen. Stat. §§12-217v, 32-9p, and 32-70
Informational Publication 2006(15), Guide to Connecticut Business Tax Credits Issued: 04/24/07