Form Ct-1120 Njc - New Jobs Creation Tax Credit

Department of Revenue Services

2008

State of Connecticut

Form CT-1120 NJC

(Rev. 12/08)

New Jobs Creation Tax Credit

For income year beginning: ________________________ , 2008 and ending: ________________________ , _________ .

Connecticut Tax Registration Number

Corporation name

Complete this form in blue or black ink only. Use Form

Deﬁ nitions

CT-1120 NJC to claim the credit allowed under Conn. Gen.

New job is deﬁ ned as a job which did not exist prior to

Stat. §12-217ii, as amended by 2007 Conn. Pub. Acts 250, §18,

the application and which is ﬁ lled by a person hired by the

for the creation of new jobs. This credit is available to any

taxpayer to ﬁ ll a job which requires at least 35 or more hours

taxpayer subject to the tax under Conn. Gen. Stat. §12-202

per week, and which is not temporary or seasonal.

(insurance premiums tax), Chapter 208 (corporation business

tax), or Chapter 212 (utility companies tax) of the Connecticut

Additional Information

General Statutes.

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

860-270-8045; see Informational Publication 2007(31),

The credit is administered by the Commissioner of the

Guide to Connecticut Business Tax Credits; or contact the

Department of Economic and Community Development

Department of Revenue Services, Taxpayer Services Division

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

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

for an eligibility certificate must be submitted to DECD

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

and a certificate reflecting the amount of the available

Select Option 6 to speak with a representative.

credit must have been issued by DECD. Attach this form to

Form CT-1120K, Business Tax Credit Summary.

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

earned and any credits not used in the tax year expire.

This tax credit contains a recapture provision. DECD will

notify the taxpayer in the event that the recapture provision

is triggered.

Credit Computation

Enter the Certiﬁ cate of Eligibility number issued

by the Commissioner of DECD for the 2008 income year: _________________________________________

Enter the amount of tax credit certiﬁ ed for the 2008 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 14, Column A.

Form Ct-1120 Njc - New Jobs Creation Tax Credit - 2008

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