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.

State: 
Connecticut
Reporting Jurisdiction: 
Connecticut
Jurisdiction type
State
Fiscal year ending In: 
2018
Program name: 
Urban and Industrial Sites Tax Program
Program purpose
Redevelopment/revitalization/renewal
Statutory authority
Connecticut General Statutes, Chapter 578 section 32-9t
Abating jurisdiction(s)
State of Connecticut
Applicable taxes: 
Corporate 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 dislosure: 
Capped at $950 million.