Regulations of Connecticut State Agencies — Title 12
Conn. Agencies Regs § 12-638-6
Person required to make expenditures; year in which credit
must be claimed
# (a)
The amount which is proposed to be expended by a business firm under an approved program proposal must be expended on such approved program proposal by such firm (and not by any other person). In the case of a business firm subject to the tax imposed under chapter 208 of the Connecticut General Statutes, the filing of a combined return in which such firm is included shall not operate to extinguish the requirement that such firm (and not the other companies included in such return) expend the amount proposed to be expended under its approved program proposal.
# (b)
Except as provided in subsection (h) of section 12-632 of the Connecticut
General Statutes, the credit must be claimed on the tax return for such firm's income year during which such expenditure was made.
Amendment history
December 19, 1984; amended April 11, 2006
Source: official regulations index (title 12 publishes as one PDF)
Nearby sections (25 sections)
- 12-578-1 · Registration and license fees
- 12-584-1 · Disclosure of financial information
- 12-585-1 · Division investigation expenses
- 12-602-1 · Repealed, May 17, 1983
- 12-602-1a · Definitions
- 12-602-2 · Credits and deductions
- 12-629-10
- 12-638-1 · Definitions
- 12-638-2 · Deadlines
- 12-638-3 · Agency overseeing implementation
- 12-638-4 · Repealed, April 11, 2006
- 12-638-5 · Proof of expenditures for charitable purposes
- 12-638-6 · Person required to make expenditures; year in which credit
- 12-638-7 · Carrybacks
- 12-638-8 · Post-project audit
- 12-666-1 · Unreimbursed surcharge; worthless accounts receivable
- 12-689-1 · Definitions
- 12-689-2 · Means of electronic funds transfer approved by the department
- 12-689-3 · Notification of requirement to pay tax by electronic funds
- 12-689-4 · Timely initiation of electronic funds transfer
- 12-690-1 · Persons required by regulation to file documents…
- 12-690(c)-1 · Signature alternative
- 12-700(b)-1 · Connecticut income tax imposed upon nonresident…
- 12-700(c)-1 · Part-year resident individuals
- 12-700(c)-2 · Part-year resident trusts