Connecticut offers a corporate business tax credit in the amount of 10% of the incremental cost of alternative fuel vehicle. For example, a vehicle normally priced at $15,000 that costs $20,000 due to added alternative fuel features, would be eligible for a credit of $500 ($5,000 x 10%). This credit is allowable for vehicles powered exclusively by natural gas, propane, or electricity. There is no limit to the total amount of the credit, which if greater than the total amount of taxes due in one year, may be carried forward for up to three years.
| Name: | C.G.S. 12-217i; Public Act 95-15(a) |
| Date Enacted: | 1/1/94 |
| Expiration Date: | 1/1/2002 |
| Name: | Project Manager, Fuel Cell RFP |
| Organization: | Connecticut Clean Energy Fund |
| Address: |
200 Corporate Place, 3rd Floor Rocky Hill CT 06067 |
| Phone: | (860) 563-0015 |
| Email: | cefinfo@ctinnovations.com |
| Name: | Department of Revenue Services |
| Address: |
25 Sigourney Street, Suite 2 Hartford CT 06106-5032 |
| Phone: | (860) 297-5962 |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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