Definitions

As used in sections 12-217s-1 to 12-217s-10, inclusive: (1) \"Affected employer\" means an affected employer, as defined in section 13b-38o of the Connecticut General Statutes; (2) \"Approved direct cost\" means a direct cost which is claimed on the tax credit application and is determined by the department to support a qualified corporation's traffic reduction program; (3) \"Certified credit\" is the amount that a corporation may claim on its annual return, as certified by the department; (4) \"Corporation\" means any company which is required to pay a tax for the privilege of carrying on or doing business within the State in a corporate capacity pursuant to Chapter 208 of the Connecticut General Statutes; (5) \"Credit year\" means a year in which the department reviews tax credit applications and determines the amount of tax credits which will be received by each corporation that submitted a tax credit application; (6) \"Department\" means the Connecticut Department of Transportation; (7) \"Commissioner\" means the Commissioner of Transportation; (8) \"DRS\" means the Connecticut Department of Revenue Services; (9) \"Eligible Credit\" means the amount of credit calculated for each corporation by the department after adjustment for the statutory limit; (10) \"Income year\" means the corporation's fiscal year in which the corporation incurred direct costs for traffic reduction programs and services related thereto; (11) \"Maximum eligible credit\" means the amount of credit calculated for each corporation by the department prior to adjustment for the statutory limit; (12) \"Participating employee\" means an affected employee who utilizes a commute option at least 1 day per week, as certified by the qualified corporation employer; (13) \"Plan\" means any plan submitted by an affected employer pursuant to section 13b-38p of the Connecticut General Statutes. (14) \"Statutory Limit\" means the total amount of credits available under section 12-217 of the Connecticut General Statutes to all qualified corporations in a single credit year; and (15) \"Work Location\" means a site, building, group of buildings or set of contiguous buildings or portion thereof, under ownership, operation or control of an affected employer where employees perform work.