INCENTIVE DESCRIPTION

State:	CT
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	R&D Credits
Description:	1. ROLLING R&D CREDIT: Tax credit from 1 - 6% of R&D expenditures based on the amount of such expenditures and size of the company. 2. CREDIT FOR RESEARCH AND EXPERIMENTAL EXPENDITURES: 20% income tax credit for expenditures exceeding those for the previous year.
Eligibility Requirements:	Both credits are only for qualified R&D expenditures, as defined in IR Code Section 174. Unused R&D credits may be either sold for 65% of their value or carried forward.
Geographic Restrictions:	Statewide
Granting Authority:	CT Development Authority

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.