Connecticut Administrative Code
Title 12 - Taxation
217s - The Traffic Reduction Tax Credit Program
Section 12-217s-1 - Definitions

(1) "Affected employer" means an affected employer, as defined in section 13b-38o of the Connecticut General Statutes;

(2) "Approved direct cost" means a direct cost which is claimed on the tax credit application and is determined by the department to support a qualified corporation's traffic reduction program;

(3) "Certified credit" is the amount that a corporation may claim on its annual return, as certified by the department;

(4) "Corporation" means any company which is required to pay a tax for the privilege of carrying on or doing business within the State in a corporate capacity pursuant to Chapter 208 of the Connecticut General Statutes;

(5) "Credit year" means a year in which the department reviews tax credit applications and determines the amount of tax credits which will be received by each corporation that submitted a tax credit application;

(6) "Department" means the Connecticut Department of Transportation;

(7) "Commissioner" means the Commissioner of Transportation;

(8) "DRS" means the Connecticut Department of Revenue Services;

(9) "Eligible Credit" means the amount of credit calculated for each corporation by the department after adjustment for the statutory limit;

(10) "Income year" means the corporation's fiscal year in which the corporation incurred direct costs for traffic reduction programs and services related thereto;

(11) "Maximum eligible credit" means the amount of credit calculated for each corporation by the department prior to adjustment for the statutory limit;

(12) "Participating employee" means an affected employee who utilizes a commute option at least 1 day per week, as certified by the qualified corporation employer;

(13) "Plan" means any plan submitted by an affected employer pursuant to section 13b-38p of the Connecticut General Statutes.

(14) "Statutory Limit" means the total amount of credits available under section 12-217 of the Connecticut General Statutes to all qualified corporations in a single credit year; and

(15) "Work Location" means a site, building, group of buildings or set of contiguous buildings or portion thereof, under ownership, operation or control of an affected employer where employees perform work.