Form Ct-1120 Njc - New Jobs Creation Tax Credit

Department of Revenue Services

2011

Form CT-1120 NJC

State of Connecticut

New Jobs Creation Tax Credit

(Rev. 12/11)

For Income Year Beginning: _______________________ , 2011 and Ending: ________________________ , _________ .

Connecticut Tax Registration Number

Corporation name

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 under

Use Form CT-1120 SBJ, Small Business Job Creation Tax

Conn. Gen. Stat. §12-202 (insurance premiums tax), Chapter

Credit, to claim the Qualiﬁ ed Small Business Job Creation

208 (corporation business tax), or Chapter 212 (utility

tax credit. Use Form CT-1120 VRJ, Vocational Rehabilitation

companies tax) of the Connecticut General Statutes.

Job Creation Tax Credit, to claim the Vocational Rehabilitation

Job Creation tax credit.

The New Jobs tax credit allows taxpayers to claim a tax credit

in an amount up to 60% of the income tax deducted and

Deﬁ nitions

withheld from the wages of new employees and paid over to

New job means a job which did not exist in Connecticut prior

the state according to Chapter 229 of the Connecticut General

to the taxpayer’s application and which is ﬁ lled by a person

Statutes. The credit is administered by the Commissioner of

hired by the taxpayer to work at least 35 or more hours per

the Department of Economic and Community Development

week, and which is not temporary or seasonal.

(DECD). To be entitled to claim the credit, an application

for an eligibility certiﬁ cate must be submitted to DECD and

Additional Information

a certiﬁ cate reﬂ ecting the amount of the available credit

Contact DECD, 505 Hudson Street, Hartford CT 06106, at

must have been issued by DECD. Attach this form to

860-270-8045; see Informational Publication 2010(13),

Form CT-1120K, Business Tax Credit Summary and/or Form

Guide to Connecticut Business Tax Credits; or contact the

CT-207K, Insurance/Health Care Tax Credit Schedule.

Department of Revenue Services, Taxpayer Services Division

The tax credit is claimed in the income year in which it is

at 1-800-382-9463 (Connecticut calls outside the Greater

earned. Any credit not used in that income year cannot be

Hartford calling area only) or 860-297-5962 (from anywhere).

carried forward or carried back.

Credit Computation

Enter the Certiﬁ cate of Eligibility number issued

by the Commissioner of DECD for the 2011 income year: _________________________________________

Enter the amount of tax credit certiﬁ ed for the 2011 income year as reﬂ ected on the

certiﬁ cate of eligibility issued by the Commissioner of DECD. Enter also on Form

CT-1120K, Part I-C, Line 13, Column A and/or Form CT-207K, Part 1-A, Line 8, Column B.

Form Ct-1120 Njc - New Jobs Creation Tax Credit - 2011

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