Conn. Agencies Regs. § 12-217s-3

Current through December 4, 2024

Section 12-217s-3 - Limitations

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.

Conn. Agencies Regs. § 12-217s-3

Adopted effective April 1, 1999