Manufacturing & Biotech

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Manufacturing and Biotech Sales and Use Tax Exemption: Connecticut offers sales/use tax exemptions for investments those businesses make that help create jobs and modernize operations. 100% and 50% sales tax exemptions are available for eligible purchases.

Manufacturing Machinery and Equipment Tax Exemption: Connecticut is committed to fostering the growth of its burgeoning advanced manufacturing and bioscience sectors. This five-year, 100% property tax exemption is available for eligible machinery and equipment acquired and installed in a manufacturing or biotechnology facility.

Qualifying Manufacturing Plant: Any Targeted Investment Community with a manufacturing plant that has at least 500,000 square feet may apply to have that facility designed as a Qualified Manufacturing Plant. This designation can serve to encourage the renovation/refurbishment of that facility. Benefits include a five-year, 80% abatement of local property taxes on qualifying real estate and personal property and a 10-year, 25% credit on the portion of the corporate business tax that is directly attributable to a business expansion or renovation project.

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