Connecticut Administrative Code

Regulations of Connecticut State AgenciesSec. 12-217jj-13. Transfers of tax credits(a) Tax credit vouchers may be sold, assigned or otherwise transferred by the applicant to one or more taxpayers, in whole or in part, up to a maximum of three (3) times and to the extent the tax c…

Regulations of Connecticut State AgenciesSec. 12-217jj-2. DefinitionsAs used in sections 12-217jj-1 through 12-217jj-13, inclusive, of the Regulations of Connecticut State Agencies: (1) \"American Institute of Certified Public Accountants (AICPA)\" shall mean the national organiz…

Regulations of Connecticut State AgenciesSec. 12-217jj-3. Application for certification as state-certified qualified production(a) An applicant shall file a written application for eligibility certification under oath on such forms as the Commission may prescribe no later than ni…

Regulations of Connecticut State AgenciesSec. 12-217jj-4. Disposition of application for certification as state-certified qualified production(a) The Commission shall review all complete applications submitted pursuant to section 12-217jj-3 of the Regulations of Connecticut State…

Regulations of Connecticut State AgenciesSec. 12-217jj-5. Fiscal and accounting requirements(a) Each applicant issued a notice of state eligibility certification pursuant to subsection 12-217jj-4 of the Regulations of Connecticut State Agencies shall utilize an accounting system …

Regulations of Connecticut State AgenciesSec. 12-217jj-6. Application for issuance of a film production tax credit voucher(a) An applicant may apply to the Commission for the issuance of a tax credit voucher at one or more of the following times: (1) Not earlier than three (3) mo…

Regulations of Connecticut State AgenciesSec. 12-217jj-7. Detailed cost report(a) Each applicant for a tax credit voucher shall file with the Commission, under oath, a detailed cost report on such forms as the Commission may prescribe. (b) The detailed cost report shall classify …

Regulations of Connecticut State AgenciesSec. 12-217jj-8. Allocation of costs(a) Real Property(1) An applicant owning or leasing real property used in connection with a qualified production may allocate a portion of the total ownership or leasehold costs related to such asset to …

Regulations of Connecticut State AgenciesSec. 12-217jj-9. Limitations on allowable expenses and costs(a) An applicant may include in the detailed cost report only actual, paid production expenses or costs. The detailed cost report must provide sufficient information so that an in…

Regulations of Connecticut State AgenciesSec. 12-217kk-1. Statement of purposeThese rules and regulations, which were drafted in consultation with the Department of Revenue Services, have been adopted to implement and are intended to be applied so as to accomplish the purposes of…

Regulations of Connecticut State AgenciesSec. 12-217kk-10. Scope of and procedures for state-certified project audit(a) The purpose of the independent audit required under subsection (c) of section 12-217kk-8 of the Regulations of Connecticut State Agencies is to provide the Comm…

Regulations of Connecticut State AgenciesSec. 12-217kk-11. Disposition of application for tax credit voucher(a) The Commission shall review the application for a voucher and the independent audit and evaluate whether the applicant has met the criteria set forth under section 12-2…

Regulations of Connecticut State AgenciesSec. 12-217kk-12. Confidentiality of application information and documentsWhen an applicant or other entity submits information it considers to be of a proprietary or confidential nature in connection with its applications for eligibility …

Regulations of Connecticut State AgenciesSec. 12-217kk-13. Transfers of tax credits(a) Tax credit vouchers may be sold, assigned or otherwise transferred by the applicant or subsequent transferee, in whole or in part, up to a maximum of three (3) times and to the extent the tax c…

Regulations of Connecticut State AgenciesSec. 12-217kk-2. DefinitionsAs used in sections 12-217kk-1 to 12-217kk-13, inclusive, of the Regulations of Connecticut State Agencies: (1) \"American Institute of Certified Public Accountants (AICPA)\" shall mean the organization which es…

Regulations of Connecticut State AgenciesSec. 12-217kk-3. Application for eligibility certification as state-certified project(a) An applicant with an infrastructure project seeking eligibility certification shall file a written application with the Commission under oath on such …

Regulations of Connecticut State AgenciesSec. 12-217kk-4. Estimated cost report(a) Each applicant with a project seeking eligibility certification shall file with its application an estimated cost report on such forms as the Commission may prescribe. (b) The estimated cost report…

Regulations of Connecticut State AgenciesSec. 12-217kk-5. Review and disposition of application for eligibility certification as a state-certified project; liability insurance(a) The Commission shall review all complete applications submitted pursuant to sections 12-217kk-3 and 1…

Regulations of Connecticut State AgenciesSec. 12-217kk-6. Project progress reports; document submissionAn applicant whose project has been certified as a State-certified project shall submit to the Commission periodic progress reports on such forms and at such times as the Commis…

Regulations of Connecticut State AgenciesSec. 12-217kk-7. Lapse of eligibility certification; surety bond(a) Upon the Commission's written notice to the applicant, the project's certification as a State-certified project shall lapse not earlier than 180 days after the issuance of…

Regulations of Connecticut State AgenciesSec. 12-217kk-8. Application for issuance of state-certified project tax credit voucher(a) After the Commission has issued notice of eligibility certification with respect to a project, an applicant may apply to the Commission for the issu…

Regulations of Connecticut State AgenciesSec. 12-217kk-9. Limitation on eligible expenditures(a) An applicant may include only actual paid eligible expenditures in the detailed cost report required to be submitted to the Commission pursuant to section 12-217kk-8 of the Regulation…

Regulations of Connecticut State AgenciesSec. 12-217ll-1. Statement of purposeThese rules and regulations, which were drafted in consultation with the Department of Revenue Services, have been adopted to implement and are intended to be applied so as to accomplish the purposes of…

Regulations of Connecticut State AgenciesSec. 12-217ll-10. Disposition of application for tax credit vouchers(a) The Commission shall review the application and the independent audit and evaluate whether the applicant has met the criteria set forth under sections 12-217ll-1 to 12…

Regulations of Connecticut State AgenciesSec. 12-217ll-11. Confidentiality of application information and documentsWhen an applicant or other entity submits information it considers to be of a proprietary or confidential nature in connection with its applications for eligibility …

Regulations of Connecticut State AgenciesSec. 12-217ll-12. Transfers of tax credits(a) Tax credit vouchers may be sold, assigned or otherwise transferred by the applicant to one or more taxpayers, in whole or in part, up to a maximum of three (3) times and to the extent the tax c…

Regulations of Connecticut State AgenciesSec. 12-217ll-2. DefinitionsAs used in sections 12-217ll-1 to 12-217ll-12, inclusive, of the Regulations of Connecticut State Agencies: (1) \"American Institute of Certified Public Accountants (AICPA)\" shall mean the national organization…

Regulations of Connecticut State AgenciesSec. 12-217ll-3. Application for certification as state-certified digital animation production company(a) An applicant shall file a written application for certification with the Commission under oath on such forms as the Commission may pr…

Regulations of Connecticut State AgenciesSec. 12-217ll-4. Disposition of application for certification(a) The Commission shall review all complete applications submitted pursuant to section 12-217ll-3 of the Regulations of Connecticut State Agencies and determine whether the crit…

Regulations of Connecticut State AgenciesSec. 12-217ll-5. Fiscal and accounting requirements(a) Each state-certified digital animation production company shall utilize an accounting system which conforms to generally accepted accounting principles (GAAP) in accounting for the pro…

Regulations of Connecticut State AgenciesSec. 12-217ll-6. Application for issuance of a digital animation production company tax credit voucher; independent audit(a) A state-certified digital animation production company may apply to the Commission for issuance of a tax credit vo…

Regulations of Connecticut State AgenciesSec. 12-217ll-7. Detailed cost report(a) Each applicant for a tax credit voucher shall file with the Commission, under oath, a detailed cost report on such forms as the Commission may prescribe. (b) The detailed cost report shall classify …

Regulations of Connecticut State AgenciesSec. 12-217ll-8. Limitations on allowable production expenses or costs(a) An applicant may include only actual, paid production expenses or costs in the detailed cost report. The cost report must provide sufficient information so that an i…

Regulations of Connecticut State AgenciesSec. 12-217ll-9. Scope of and procedures for audit(a) The purpose of the independent audit is to provide assurances to the Commission that the production expenses or costs set forth in the detailed cost report have in fact been expended an…

Regulations of Connecticut State AgenciesSec. 12-217s-1. DefinitionsAs used in sections 12-217s-1 to 12-217s-10, inclusive:(1) \"Affected employer\" means an affected employer, as defined in section 13b-38o of the Connecticut General Statutes; (2) \"Approved direct cost\" means a…

Regulations of Connecticut State AgenciesSec. 12-217s-10. Document production and record keepingCopies of all records and documents generated by or on behalf of the corporation pursuant to sections 12-217s-1 through 12-217s-10, inclusive, of the Regulations of Connecticut State A…

Regulations of Connecticut State AgenciesSec. 12-217s-2. Qualification for the creditOnly qualified corporations are eligible for the Traffic Reduction Tax Credit. A qualified corporation is a corporation that: (1) Is an affected employer;(2) Participates in the traffic reduction…

Regulations of Connecticut State AgenciesSec. 12-217s-3. LimitationsThe amount of the credit in a single credit year a qualified corporation may claim expenses for the operation of the traffic reduction program shall be limited to whichever of the following amounts is the least: …

Regulations of Connecticut State AgenciesSec. 12-217s-4. Traffic reduction plansA plan submitted to and approved by the department and in effect on November 14, 1996 shall be deemed to be a traffic reduction plan. A qualified corporation's traffic reduction plan shall be deemed t…

Regulations of Connecticut State AgenciesSec. 12-217s-5. Approval of plans and annual updates(a) Upon receipt of a traffic reduction plan, annual update, or their revisions, the department shall evaluate the plan or annual update. (b) The department shall notify the affected empl…

Regulations of Connecticut State AgenciesSec. 12-217s-6. Direct costs(a) A direct cost is a cost that: (1) Directly supports a traffic reduction program and was incurred primarily for the purpose of encouraging or supporting the use of a trip reduction measure; (2) Can be audited…

Regulations of Connecticut State AgenciesSec. 12-217s-7. Application for tax credit(a) A qualified corporation shall apply for the tax credit on the department's form. No qualified corporation may claim the credit on its corporation business tax return unless it has received writ…

Regulations of Connecticut State AgenciesSec. 12-217s-8. Department determination of eligible credit(a) Each corporation’s eligible credit shall be determined by the department on or before November 1st of each year, by the following procedure. (1) The department shall compare th…

Regulations of Connecticut State AgenciesSec. 12-217s-9. Certification of eligible creditThe department will issue to each qualified corporation that has claimed a credit, written notification designating the amount that may be claimed on the corporation's corporate business tax …

Regulations of Connecticut State AgenciesSec. 12-217y-1. DefinitionsAs used in sections 12-217y-1 through 12-217y-8, inclusive, of the Regulations of Connecticut State Agencies: (1) \"Application period\" means July 1 through December 31;(2) \"Business firm\" means a \"business f…

Regulations of Connecticut State AgenciesSec. 12-217y-2. Program purposeThis program provides eligible business firms with a corporation business tax credit of $125 for each full calendar month that the business firm employs an individual who has received for more than nine month…

Regulations of Connecticut State AgenciesSec. 12-217y-3. Application and approval process(a) Business firms shall submit their applications for credits under the Hiring Incentive Tax Credit Program annually to the Commissioner within the application period. The Commissioner shall…