Sec.12-217s-3. Limitations

Latest version.

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.

(Adopted effective April 1, 1999)

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');