tax and files a combined Connecticut income tax return. Connecticut income tax is based on the federal taxable income before net operating loss and special deductions with certain modifications made to federal taxable income to arrive at Connecticut taxable income. Connecticut taxable income is multiplied by the state tax rate (9.0% for 2006, 7.5% for 2005 and 9.4% for 2004 (including the surcharge on tax) to arrive at Connecticut income tax. The Company is also subject to Massachusetts corporate income tax.