Federal Opportunity Zone Tax Benefits: The federal Opportunity Zone program was designed to encourage private investment in rebuilding American cities. Eligible investors who make qualifying investments can benefit from significant federal tax advantages including deferral of capital gains and potential reduction of deferred capital gains tax liability.
Angel Investor Tax Credit: To encourage individuals to invest in promising startups that need capital to grow, the State of Connecticut has created the Angel Investor Tax Credit Program. Administered through Connecticut Innovations, this program provides qualified investors with a 25% credit against Connecticut’s state income tax when they invest at least $25,000 in qualifying businesses.
Corporate Business Tax Exemption: Investments that help your business create jobs and modernize may be eligible for tax relief, including: insurance companies, banks, investment companies, trading of stocks or commodities, and more.
Accumulated R&D Tax Credit Expansion Program: Does your business have a capital project, either planned or underway, that will increase employment, expand your business or generate substantial returns to the state economy? If so, you may be able to accumulate your unused tax credits until they can better benefit you.
Real and Personal Property Tax Exemptions: To encourage businesses to continue to create jobs and modernize their operations, Connecticut exempts certain expenses from Connecticut property taxes. Different levels of real and personal property tax exemptions are available for different types of investments.
Sales and Use Tax Exemption: You may apply for tax relief on the purchase of tangible personal property for qualifying retention and expansion projects, or projects that significantly contribute to a targeted industry cluster.
Urban/Industrial Sites Reinvestment Tax Credit: Your company can earn a corporate tax credit of up to 100% for an investment, up to a maximum of $100 million if locating in an urban area or on an industrial site.
HUBZone Program: The HUBZone Program is a Federal program created by the United States Small Business Administration (SBA). It aims to small companies that operate and employ people in Historically Underutilized Business Zones for federal government work contracts.
