Connecticut Basic Business Taxes
The corporate income tax maximum rate is 7.5 percent.
The state sales tax is 6.35 percent.
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
1-800-392-2122 (Connecticut’s Business Response Center)
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.
ARCO Design/Build Completes Construction of Waller, Texas, Manufacturing and Oil Rig Test Complex
Modern Plastics Expands Operations at Shelton, Connecticut, Plant to Produce Face Shields
Why are Foreign Trade Zones Making a Comeback?
The New Normal in the Automotive Supply Chain
2020 Auto/Aero Site Guide
34th Annual Corporate Survey & the 16th Annual Consultants Survey
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Infrastructure Investment as an Economic Stimulus Tool
Nondisclosure Agreements Best Practices When Negotiating Incentives