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Connecticut R&D Tax Credit + Cash Exchange

Connecticut R&D Tax Credit + Cash Exchange

Offers Connecticut businesses tax credits or cash support for qualifying innovation activity.

Between cyclesConnecticut Department of Revenue ServicesUnited StatesEligible in Connecticut
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About

Connecticut administers a bifurcated R&D tax credit system through the Department of Revenue Services (DRS) under two statutes: the Incremental Research and Experimental Expenditures Credit (Conn. Gen. Stat. §12-217j) and the Non-Incremental Research and Development Expenditures Credit (Conn. Gen. Stat. §12-217n). Both credits require qualifying research activity to be conducted within Connecticut…

What this grant funds

Connecticut corporation business tax credit for qualified in-state research expenditures, with an optional cash exchange mechanism for companies below a gross income threshold.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Annual
Next deadlineiThe next date applications are due. Rolling means you can apply any time.—
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Tax credit
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—
Funding analytics

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Eligibility criteria

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Last verified: 24 Jul 2026Source: portal.ct.gov