Connecticut Administrative Code
Title 17 - Public Assistance and Welfare Services
615 - Child Day Care Business Firm Tax Credits
Section 17-615-8 - Application approval process

Universal Citation: CT Reg of State Agencies 17-615-8

Current through September 9, 2024

(a) Applications from business firms shall be submitted to the Commissioner after the October first preceding the expenditure year and on or before June first of the expenditure year. Applications shall be approved or rejected in writing by the Commissioner within sixty (60) days of receipt based on the information submitted, as well as the availability of funds.

(b) As part of the application approval process, business firms who are seeking a tax credit shall be required to indicate whether:

(1) the facility will be operated under a license from the state Department of Health Services.

(2) the facility will be operated by the applicant on a not-for-profit basis.

(3) any other firms will seek a tax credit for sharing the costs of establishing the facility. All such firms may seek a proportional share of the tax credit.

(c) The applicant's principal place of business shall be furnished on the application.

(d) For those applications that are approved, the notification shall specify the maximum tax credit allocated to the business firm. A copy of such decision of approval shall be attached to the business firm's tax return filed with the State Department of Revenue Services.

(e) If an application is disapproved, the business firm shall be notified in writing of the reasons for the disapproval by the Commissioner.

Disclaimer: These regulations may not be the most recent version. Connecticut may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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