PURPOSE

The University of Connecticut (“University”) administers a UConn Tax Credit Program (“Program”) to encourage the promotion and public recognition of the University and its programs, services, or mission. This policy sets forth the framework required to comply with Connecticut law.

APPLIES TO

All University workforce members.

DEFINITIONS

Credit: A Connecticut state tax credit equal to 50% of payments made under a qualified agreement for the applicable taxable or income year, not to exceed $500,000 per taxpayer, per taxable or income year, with an aggregate annual program cap of $5 million per calendar year.

Qualified Agreement: A written agreement to which (1)  a Taxpayer and the University are parties, and (2) one which the University has determined, in accordance with written procedures, provides for  payments  that will encourage the promotion and public recognition of the University’s Division of Athletics program, services, or mission.

Reservation: A written acknowledgement issued by the University that it has reserved a tax credit equal to the amount of the expected tax credit to be awarded to the taxpayer pursuant to a qualified agreement, and issued on a first-come, first-served basis.

Taxpayer: Any person, as defined in section 12-1 of the general statutes, whether or not subject to any taxes levied by Connecticut, that executes a qualified agreement.

Voucher: A certificate issued by the University which authorizes the taxpayer to claim a tax credit on their Connecticut tax return.

POLICY STATEMENT

The Division of Athletics, in consultation with the Office of the Controller, is responsible for establishing and administering the Program.

The Director of Athletics ensures that all Qualified Agreements support the University’s athletic activities that promote or enhance public recognition of the University’s mission, program, or services. Acceptable activities include, but are not limited to, sponsorships, marketing partnerships, and other initiatives approved by the Director of Athletics.

The University may not issue Vouchers that, in aggregate, exceed $5 million in Credits for any calendar year. No Taxpayer may receive more than $500,000 in tax credits per income or taxable year.

University employees directly involved in negotiating or administering Qualified Agreements may not personally benefit from, or hold a financial interest in, any Taxpayer receiving Credit.

The Division of Athletics and the Tax and Compliance Office shall adopt procedures concerning the implementation of this policy. Such procedures must include:

• Processes for application, Reservation, and Voucher;
• Documentation requirements;
• Record retention requirements;
• Reporting requirements to the Commissioner of Revenue Services and General Assembly; and
• Criteria for Qualified Agreement determinations.

ENFORCEMENT

Violations of this Policy or associated procedures may result in appropriate disciplinary measures in accordance with state law, University By-Laws, General Rules of Conduct for All University Employees, applicable collective bargaining agreements, the University of Connecticut Student Code, and Division of Athletics Student Athlete Handbook.

POLICY HISTORY

Policy Approved: June 20, 2025 (Approved by President’s Senior Policy Council)