Connecticut

Connecticut Historic Tax Credit Summary

• Applicable against the Connecticut corporate income tax, individual income tax and insurance premium tax.
• May offset 100% of a taxpayer’s liability.
• Excess credits carry forward for 4 years. No carryback.
• Credits are subject to a 3-year recapture period.
• Credits are allocable and transferable.

Connecticut Film Production Tax Credit Summary

• Corporate income and insurance premiums tax offset.
• Sunset date: None
• Credit must be utilized during year generated or anytime within the 5-Year carryforward period
• No recapture for the transferee.
• Certificated and transferable tax credit (three transfers allowed per credit)
• The following tax credit usage limitations apply:
  • 50.01% for corporate income tax
  • 55.00% for insurance premiums tax