Financial Services

Insurance Reinvestment Fund Tax Credit

Investments by a taxpayer of over $1 million in an Insurance Reinvestment Fund through a fund manager in an insurance business are eligible for a tax credit equivalent to as much as 20% of income tax.

Financial Services Tax Credit

Financial institutions constructing new facilities and adding new employees can receive a credit of as much as 50% of the tax for up to 10 years (not including 5-year extension) based on the size of the facility and level of employment.

Angel Investor Tax Credit

This tax credit allows angel investors who invest at least $25,000 in a Connecticut startup in approved sectors to receive an income tax credit equaling 25% of their investment. You must be an accredited investor under the Security and Exchange Commission guidelines.