• Financing
  • Loans & Guarantees
  • Small & Early Stage Business
  • Bond Financing
  • Brownfields Redevelopment
  • Specialty Programs
    • SALES & USE TAX RELIEF PROGRAM
    • EXPORT FINANCING
    • ENERGY PROJECT FINANCING
    • TECHNOLOGY-INTENSIVE
    • ECONOMIC INDUCEMENT FINANCING
    • IT LOAN PROGRAM

SALES & USE TAX RELIEF PROGRAM

• About the Program

  The Sales & Use Tax Relief may be provided on the purchase of tangible personal property and services for qualifying economic development projects.

• Eligibility
  1. Project must qualify either as:

     • a. A competitive situation involving retention or expansion within, or relocation to Connecticut; or

     • b. A significant contribution to a targeted industry cluster.

  2. Investment in property eligible for tax relief must equal $5 million or more.
  3. Tax relief benefit cannot exceed:

     • a. $10,000 for each new, full-time equivalent, permanent job created

     • b. $2,000 for each full-time equivalent job retained.

  4. Applicant must demonstrate financial strength and/or have contributed substantially to the project investment.
• Contact:
  Karin A. Lawrence
  860.258.7814

  |    |   Share