Connecticut Basic Business Taxes
Corporate Taxes & Incentives Guide
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) 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. This information was last updated October 2015.
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
Most Read
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
The Role of Rail in Industrial Development
Q4 2024
-
Cold Storage: The Next Big Thing in Industrial Real Estate
Q3 2024
-
Hydrogen Industry in Canada: A Global Leader in the Clean Energy Revolution
Q3 2024
-
Exploring the Dynamic Landscape of Industrial Packaging Solutions
Q3 2024
-
Which AI Tools Work for Job Recruiters?
Q3 2024
-
Permitted Power Capacity Foreshadows Health of Regional Economies
Q3 2024