Did corporation construct, renovate, expand, or acquire a facility within an enterprise zone or entertainment district?
If No – Eligible for 25% credit if the facility is located within a targeted investment community If yes – Are 30% of full-time employees residents of the enterprise zone? If yes – Corporation is eligible to claim 50% credit Or: Are 150 full-time employees residents of the enterprise zone? If yes – Corporation is eligible to claim 50% credit If no – Eligible for 25% credit 50% Manufacturing Facility Credit for Facilities Located in an Enterprise Zone or Entertainment District Description A credit may be applied against the portion of the Connecticut corporation business tax that is allocable to a manufacturing facility that is located within a designated enterprise zone or designated entertainment district. Employment Requirement To qualify, the corporation must, during the last quarter of its income year: • Employ 150 or more full-time employees who at the time of employment were: • Residents of the enterprise zone; or • Residents of the municipality who are eligible for training unde
Related Questions
- How does a business become certified as a "qualified business" in an Urban Enterprise Zone or in an Urban Enterprise Zone-impacted business district?
- Did corporation construct, renovate, expand, or acquire a facility within an enterprise zone or entertainment district?
- Do stockholders of a corporation doing business in an Enterprise Zone receive any benefits?
