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People's United Financial Inc. Message Board

  • whatruslakin whatruslakin Aug 17, 2007 9:33 AM Flag

    Tax Exemption

    Connecticut will eliminate the taxes on Manufacturing Machinery Equipment, Biotechnology and the production of motion pictures, video and sound recordings and recycling as defined in Connecticut General Statutes 22a-260, as well as more traditional manufacturing activities in 2008.

    Taxes have been a major drawback to locate a business in Connecticut. Companies will be flocking to the State in 08 as they are now with the 30% tax credit for the film industry.

    All it takes is a stroke of a pen.

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