Regulations of Connecticut State Agencies — Title 12
Conn. Agencies Regs § 12-217s-3
Limitations
Official textportal.ct.govlast amended
The 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:
# (1)
Fifty percent of the approved direct costs incurred by the corporation during the credit year;
# (2)
$250 per participating employee;
# (3)
The amount certified by the department after adjusting for the statutory limit; or
# (4)
The amount of tax imposed upon such corporation under Chapter 208 of the
Connecticut General Statutes.
Amendment history
April 1, 1999
Source: official regulations index (title 12 publishes as one PDF)
Nearby sections (25 sections)
- 12-217ll-3 · Application for certification as state-certified digital…
- 12-217ll-4 · Disposition of application for certification
- 12-217ll-5 · Fiscal and accounting requirements
- 12-217ll-6 · Application for issuance of a digital animation production
- 12-217ll-7 · Detailed cost report
- 12-217ll-8 · Limitations on allowable production expenses or costs
- 12-217ll-9 · Scope of and procedures for audit
- 12-217ll-10 · Disposition of application for tax credit vouchers
- 12-217ll-11 · Confidentiality of application information and documents
- 12-217ll-12 · Transfers of tax credits
- 12-217s-1 · Definitions
- 12-217s-2 · Qualification for the credit
- 12-217s-3 · Limitations
- 12-217s-4 · Traffic reduction plans
- 12-217s-5 · Approval of plans and annual updates
- 12-217s-6 · Direct costs
- 12-217s-7 · Application for tax credit
- 12-217s-8 · Department determination of eligible credit
- 12-217s-9 · Certification of eligible credit
- 12-217s-10 · Document production and record keeping
- 12-217y-1 · Definitions
- 12-217y-2 · Program purpose
- 12-217y-3 · Application and approval process
- 12-217y-4 · Allocation of tax credit
- 12-217y-5 · Certification process