Connecticut R&D Tax Credit Summary

R&D Tax Credit Available

Yes

STATE

Connecticut

NAME

RC – Research and Experimental Expenditures Tax Credit (incremental)

RDC – Research and Development Tax Credit (non-incremental)

DOES IT APPLY TO C-CORPS & PASS THROUGHS?

C Corps only

DESCRIPTION

Nonrefundable credit with similar definition to federal for Qualified Research Expenses and Qualified Research Activities, except only include Connecticut-based expenses. Two credits available.

PERCENTAGE

20% on incremental increase in R&D expenses that are conducted in CT.

6% on non-incremental R&D expenses (less the QREs from the incremental Credit) with limitations.