Alternative Fuel Fueling Infrastructure and Alternative Fuel Vehicle (AFV) Conversion Tax Credit

Prior to January 1, 2008, a Corporation Business Tax credit is available for 50% of the following expenditures: the construction of, improvements to, or equipment for any compressed natural gas (CNG), liquefied natural gas (LNG), or liquefied petroleum gas (LPG) refueling station or an electric vehicle recharging station; or the purchase and installation of equipment used in dedicated or dual-fuel CNG, LNG, LPG, or electric vehicle conversions. This credit may be carried forward for up to three years. (Reference Connecticut General Statutes 12-217i)