Form Ct-1120 Njc - New Jobs Creation Tax Credit - 2015
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1Department of Revenue Services
2015
Form CT-1120 NJC
State of Connecticut
New Jobs Creation Tax Credit
(Rev. 12/15)
For Income Year Beginning: _______________________ , 2015 and Ending: ________________________ , _________ .
Corporation name
Connecticut Tax Registration Number
Complete this form in blue or black ink only.
This tax credit contains a recapture provision. DECD will
notify the taxpayer in the event that the recapture provision
Use Form CT-1120 NJC to claim the credit allowed under
is triggered.
Conn. Gen. Stat. §12-217ii for the creation of new jobs.
This credit is available to any taxpayer subject to the tax
Defi nitions
under Conn. Gen. Stat. §12-202 (insurance premiums tax),
New job means a job which did not exist in Connecticut prior
Chapter 208 (corporation business tax), or Chapter 212 (utility
to the taxpayer’s application and which is fi lled by a person
companies tax) of the Connecticut General Statutes.
hired by the taxpayer to work at least 35 or more hours per
The New Jobs tax credit allows taxpayers to claim a tax credit
week, and which is not temporary or seasonal.
in an amount up to 60% of the income tax deducted and
Additional Information
withheld from the wages of new employees and paid over to
the state according to Chapter 229 of the Connecticut General
Contact DECD, 505 Hudson Street, Hartford CT 06106, at
Statutes. The credit is administered by the Commissioner of
860-270-8045; see the Guide to Connecticut Business Tax
the Department of Economic and Community Development
Credits available on the Department of Revenue Services
(DECD). To be entitled to claim the credit, an application
(DRS) web site at or contact DRS at 1-800-
for an eligibility certifi cate must be submitted to DECD and
382-9463 (Connecticut calls outside the Greater Hartford
a certifi cate refl ecting the amount of the available credit
calling area only) or 860-297-5962 (from anywhere).
must have been issued by DECD. Attach this form to
Form CT-1120K, Business Tax Credit Summary, and/or Form
CT-207K, Insurance/Health Care Tax Credit Schedule.
The tax credit is claimed in the income year in which it is
earned. Any credit not used in that income year cannot be
carried forward or carried back.
Credit Computation
Enter the Certifi cate of Eligibility number issued
1.
by the Commissioner of DECD applicable to the 2015 income year: _________________________________________
Tax Credit: Enter the amount of tax credit certifi ed for the 2015 income year as refl ected
2.
2.
on the certifi cate of eligibility issued by the Commissioner of DECD. Enter also
00
on Form CT-1120K, Part I-B, Column A and/or Form CT-207K, Part 1B, Column B.
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