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INCENTIVE DESCRIPTION
| State: | CT |
| Incentive Type: | Income/Franchise Tax Incentives and Credits |
| Incentive Title: | Brownfield Credits |
| Description: | URBAN AND INDUSTRIAL SITES REINVESTMENT PROGRAM: Income tax credits for up to 100% for investments in eligible urban reinvestment projects or industrial site investment projects. Maximum credit of $100,000,000. |
| Eligibility Requirements: | Must be in enterprise zones or 25 state-designated "distressed municipalities" (11 of which have EZs) and must generate new economic activity and create new jobs. 10% of the tax credit may be taken over 10 year period. Tax credits may also be carried forward 5 years. Unused portions of the tax credit may also be sold to other taxpayers as long as that portion is used in the same taxable year. |
| Geographic Restrictions: | Designated Zones |
| Granting Authority: | Department of Economic Development |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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