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State of Connecticut Research and Development Tax Credits

August 6, 2004


The State of Connecticut has enacted a number of tax provisions designed to encourage research and development activities within its borders. Of principal significance are the tax credit allowances under the corporate business tax regime. There are three tax credit provisions: the basic tax credit, the incremental tax credit for certain increases in expenditures from year to year and the credit for certain incremental increases in grants to institutions of higher learning for conducting research and development.

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