Connecticut Basic Business Taxes 2011
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.
March 2011
The corporate income tax maximum rate is 7.5 percent.
Sales tax:
The state sales tax is 6 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.
Project Announcements
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
Breeze Airways Establishes Windsor Locks, Connecticut, Operations Hub
02/18/2022
Digital Currency Group Relocates-Plans Stamford, Connecticut, Headquarters
12/02/2021
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