The amount of the credit in a single credit year a qualified corporation may claim expenses for the operation of the traffic reduction program shall be limited to whichever of the following amounts is the least:

1. (1) Fifty percent of the approved direct costs incurred by the corporation during the credit year;
2. (2) $250 per participating employee;
3. (3) The amount certified by the department after adjusting for the statutory limit; or
4. (4) The amount of tax imposed upon such corporation under Chapter 208 of the Connecticut General Statutes.

(Adopted effective April 1, 1999)