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Credit Percentage

Traffic Reduction Programs Credit

This credit is currently inactive.*

*Effective June 15, 2004, the federal EPA changed the designation of the area which included all of the towns in Fairfield County except Shelton, plus the towns of New Milford and Bridgewater, from a “severe nonattainment area” to a “moderate nonattainment area.”

The credit is equal to 50% of the amount spent in a severe nonattainment area for the direct costs of traffic reduction programs and related services conducted in Connecticut in response to the provisions of Conn. Gen. Stat. §§13b-38o, 13b-38p, 13b-38t, 13b-38v, and 13b-38x, not to exceed $250 annually per employee. The employee must be employed in a severe nonattainment area and participate in an alternative means of commuting according to a qualifying traffic reduction program. The maximum credit allowed in the aggregate to all corporations is $1.5 million annually.

Description

A credit may be applied against the Connecticut corporation business tax by Connecticut corporations that participate in traffic reduction programs in Connecticut established under Conn. Gen. Stat. §13b-38p in order to achieve the goals of the federal CleanAirAct. To qualify for the credit, the corporation is required to employ 100 or more employees at a work location located in a severe nonattainment area.

Definition

Carryforward/Carryback Limitations

No carryforward or carryback is allowed.

Where to Get Additional Information

Direct inquiries to:

Department of Transportation PO Box 317546 2800 Berlin Turnpike Newington CT 06131-7546

A severe nonattainment area means the geographic area in Connecticut designated as such by the federal Environmental Protection Agency (EPA) according to the federal CleanAirAct.

860-594-2852 www.ct.gov/dot

REFERENCES:

Conn. Gen. Stat. §§12-217s, 13b-38o, 13b-38p, 13b-38t, 13b-38v, and 13b-38x; Conn. Agencies Regs. §12-217s-1

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

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