Connecticut Basic Business Taxes 2012 | Connecticut, Corporate Income Tax | Area Development Online

Area Development Homepage >> State Resources >> Connecticut >>

Connecticut Basic Business Taxes 2012

Connecticut’s economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include tax incentive programs, a corporate income tax, and a sales tax.

Area Development Online Research Desk (2012)

Editors Picks

Corporate income tax:
The corporate income tax maximum rate is 7.5 percent.

Sales tax:
The state sales tax is 6.35 percent.

Property tax:
Tax on real and tangible property is levied by municipalities, which assess property for local tax purposes at 70 percent of actual value. There are no county taxes. Tax abatements are offered in cooperation with state business assistance programs.

Tax incentive programs:
The state has developed an extensive range of tax incentive programs to assist companies in expansion and relocation. These tax programs include sales tax exemptions, corporate income tax abatements, and tax credits for incremental tax financing.

Connecticut State Contact:
Connecticut Business Response Center
805 Brook Street, Building 4
Rocky Hill, CT 06067
(800) 392-2122

Incentive and tax information is provided to Area Development by each state’s economic development or commerce agency for information purposes only and is subject to revision at any time by the state government. Please contact the state agency directly for full requirements and offerings.

Save/Share Article

ASK AREA DEVELOPMENT

Have questions, comments or concerns about this article? Submit to Ask Area Development here and the author or an expert from our network of site selection and facility planning professionals will answer:

Privacy policy / GuidelinesArea Development will select a number of questions to answer each week. An Area Development representative will contact the submitting reader directly with feedback. Additionally, all submissions are eligible to appear online or in our print publication. If your question is selected for publication we will include and publish your first name, job title and industry only. The full identity of the submitting reader will not appear in published format.Area Development will not publish, share with any third parties, or use for marketing purposes any personal information submitted here without the express consent of the submitting reader.

News Items

Around The Web

Studies/Research

News Items

Around The Web

Studies/Research

Connecticut Approves $2 Million Brownfield Redevelopment Loan For Component Manufacturer

State Resource Map

State News and Insight
Corporate Taxes
Business Incentives
Credits
Grants
Click on any state below

State Resource Sponsor

Area Development Homepage >> State Resources >> Connecticut >>

04/09/2012

11/22/2011

10/21/2011

10/21/2011

09/14/2011

American Council for an Energy-Efficient Economy (ACEEE)

KPMG

Area Development Magazine Special Presentation

PricewaterhouseCoopers

Jones Lang LaSalle

U.S. Department of Commerce

Jones Lang LaSalle

Grubb & Ellis

Wall Street Journal MarketWatch

IBM Global Business Services, IBM Institute for Business Value