INCENTIVE DESCRIPTION

State: CT
Incentive Type: Sales and Use Tax Incentives
Incentive Title: Sales Tax Exemptions
Description: 1. MANUFACTURING SALES TAX EXEMPTION: Exemption of 100% on a) machinery used in the manufacture of finished products or in the biotechnology industry and b) materials, tools and fuel used in the manufacture or fabrication of finished products or in the biotechnology industry. Also a 50% exemption on machinery, tools, fuels and equipment that may not meet the requirements of the 100% exemption. 2. OTHER EXEMPTIONS AT 100%: a. Computer and data processing services. b. Repair, replacement and component parts for manufacturing machinery. c. Calibration services, registration and compliance services related to ISO 9000 and personnal training services offered by colleges or universities. d. Vehicles powered by alternative fuels, vehicle conversion equipment and alternative fuel filling station equipment. e. Fuel and electric power used in manufacturing or to heat a manufacturing facility. f. Cost of aircraft, repairs, parts and services on aircraft exceeding 6,000 lbs. g. Safety apparel worn by employees. h. Goods purchased inside or outside CT for use outside CT providing all conditions are met.
Eligibility Requirements: 1. For manufacturers 2. Varies depending on the incentive.
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.