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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 In2017
Program nameThe Urban and Industrial Sites Reinvestment Tax Program
Program purpose: General Economic Development
Statutory authority: Connecticut General Statutes, Chapter 578 section 32-9t
Abating jurisdiction(s): State of Connecticut
Applicable taxesIndividual/Corporate Income Tax
Method of abatement: (not specified)
Provisions for recapture: (not specified)
Gross revenue loss: $41,000,000
Reimbursement / offset: $0
Net revenue loss: $41,000,000
Type of loss: Active
Additional notes on dislosureInformation is not from current year -- it is from FY16
Document sourcehttps://www.osc.ct.gov/reports/index.html