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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionConnecticut
Jurisdiction type: State
Fiscal year ending In2018
Program nameUrban and Industrial Sites Tax Program
Program purpose: Redevelopment/revitalization
Statutory authority: Connecticut General Statutes, Chapter 578 section 32-9t
Abating jurisdiction(s): State of Connecticut
Applicable taxesCorporate Income Tax
Method of abatement: Tax Credit
Provisions for recapture: (not specified)
Gross revenue loss: $43,919,908
Reimbursement / offset: $0
Net revenue loss: $43,919,908
Type of loss: Active
Additional notes on dislosureCapped at $950 million.
Document sourcehttps://www.osc.ct.gov/reports/index.html