Investment tax credit (ITC)
You're entitled to this credit if you or your business placed qualified property into service during the tax year.
How much is the credit?
- The ITC is a percentage of the investment credit base (the cost or other basis of the investment property).
- It's refundable for new businesses.
For additional information on claiming this credit, see:
- Form-CT-46, Claim for Investment Tax Credit, and its instructions, Form CT-46-I (for corporations); or
- Form IT-212, Investment Credit, and its instructions, Form IT-212-I.