Connecticut Basic Business Taxes
Q1 2014
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 Department of Economic and Community Development
505 Hudson Street
Hartford, CT 06106
(860) 270-8215
1-800-392-2122 (Connecticut’s Business Response Center)
www.CTforbusiness.com
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.
Recent Project Announcements
Unilever Plans New Haven, Connecticut, Innovation Operations
06/04/2026
Henkel Plans Trumbull, Connecticut, Research-Development Operations
03/23/2026
Home Market Foods Establishes South Windsor, Connecticut, Operations
07/02/2024
TTM Technologies Expands Stafford Springs, Connecticut, Operations
05/16/2024
South Korea-Based Hanwha Aerospace Expands Cheshire, Connecticut, Operations
11/10/2023
FullStack Modular Relocates-Plans Hamden, Connecticut, Headquarters
05/01/2023
Mott Expands Farmington, Connecictut, Operations
02/24/2023
FORGE Establishes Hartford, Connecticut, Operations
02/23/2023
Global Atlantic Financial Group Expands Hartford, Connecticut, Operations
01/10/2023
Stifel Establishes Stamford, Connecticut, Operations Center
08/22/2022
GE Appliances Establishes Stamford, Connecticut, Microfactory
07/21/2022
Element 119 Expands Thomaston-Cheshire, Connecticut, Facilities
06/14/2022
Dutch-Based ASML Expands Wilton, Connecticut, Operations
06/01/2022
Mirador Relocates-Plans Stamford, Connecticut, Headquarters
04/29/2022
Hudson Bay Capital Expands Greenwich, Connecticut, Operations
03/01/2022
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