$100K
per applicant
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Allows Connecticut manufacturers to set aside pre-tax business income into a dedicated account for qualifying equipment purchases and workforce training expenses, providing a tax deferral that supports capital reinvestment.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Business must be a Connecticut manufacturer (NAICS codes 31–33)
2.Annual deposits to MRA account: up to $100,000
3.Funds must be used within 5 years for qualifying equipment or training
4.Deferred income is taxable when withdrawn for non-qualifying uses
5.Application and certification from CT DECD required
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