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Connecticut Free Printable CT-1120 JET, 2015 Job Expansion Tax Credit for 2024 Connecticut 2015 Job Expansion Tax Credit

Form CT-1120 JET is obsolete, and is no longer supported by the Connecticut Department of Revenue.

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2015 Job Expansion Tax Credit
CT-1120 JET, 2015 Job Expansion Tax Credit

Department of Revenue Services State of Connecticut (Rev. 12/15) 2015 Form CT-1120 JET Job Expansion Tax Credit For Income Year Beginning: _______________________ , 2015 and Ending: ________________________ , _________ . Corporation name General Information Connecticut Tax Registration Number 3. Complete this form in blue or black ink only. Use Form CT-1120 JET, Job Expansion Tax Credit, to claim the credit allowed under Conn. Gen. Stat. §12-217pp. This form must be used to claim the tax credit against the taxes imposed under Chapter 207 (insurance premiums tax; health care centers tax), or Chapter 208 (corporation business tax). To take this tax credit against the tax imposed by Chapter 229 of the Connecticut General Statutes, see the applicable income tax instruction booklet. This credit is administered by the Connecticut Department of Economic and Community Development (DECD). To be eligible to claim this credit an application must have been submitted to and approved by DECD. Credit Computation Is a full-time job or, in the case of a qualifying employee, is a job in which an employee is required to work at least twenty hours per week for not less than forty-eight weeks in a calendar year. Qualifying employee means a new employee who, at the time of hiring by the taxpayer: 1. Is receiving unemployment compensation; 2. Has exhausted unemployment compensation benefits and has not had an intervening full-time job; 3. Is receiving vocational rehabilitative services from the Department of Rehabilitation Services; 4. Is receiving employment services from the Department of Mental Health and Addiction Services; or 5. Is participating in employment opportunities and day services, defined in Conn. Gen. Stat. §17a-226, operated or funded by the Department of Developmental Services. The tax credit is equal to: • $500 per month for each new employee. Related person means: • $900 per month for each veteran employee or qualifying employee. 1. A corporation, limited liability company, partnership, association or trust controlled by the taxpayer; The new employee must be hired to fill a new job after January 1, 2012, and before January 1, 2014. The tax credit can be claimed in the income year of the hire and the next two income years. 2. An individual, corporation, limited liability company, partnership, association or trust that is in control of the taxpayer; 3. A corporation, limited liability company, partnership, association or trust controlled by an individual, corporation, limited liability company, partnership, association or trust that is in control of the taxpayer; or 4. A member of the same controlled group as the taxpayer. Definitions Full-time job means a job in which an employee is required to work at least thirty-five hours per week for not less than forty-eight weeks in a calendar year. “Full-time job” does not include a temporary or seasonal job. New employee means a person who resides in this state and is hired by a taxpayer on or after January 1, 2012, and prior to January 1, 2014, to fill a new job. “New employee” does not include a person who was employed in this state by a related person with respect to a taxpayer during the prior twelve months. New job means a job that: 1. Did not exist in this state prior to a taxpayer’s application to DECD for certification under this section for a job expansion tax credit; 2. Is filled by a new, qualifying, or veteran employee, and Veteran employee means a new employee who, at the time of hiring by the taxpayer, is a member of, was honorably discharged from or released under honorable conditions from active service in the armed forces, as defined in Conn. Gen. Stat. §27-103. Additional Information Contact DECD, 505 Hudson Street, Hartford, CT 06106, (860) 270-8215; or see the Guide to Connecticut Business Tax Credits available on the Department of Revenue Services (DRS) website at www.ct.gov/DRS; or contact DRS at 1-800-382-9463 (Connecticut calls outside the Greater Hartford calling area only) or 860-297-5962 (from anywhere). Part I - Credit Computation 1. Enter the amount from Part II, Line 11 1. 00 2. Enter the amount from Part III, Line 11 2. 00 3. Tax credit: Add Line 1 and Line 2. Enter here and on Form CT-1120K, Part I-B, Column A, and/or Form CT-207K, Part 1B, Column B and Column C. 3. 00 If filing Form CT-1065/CT-1120SI, allocate the amount on Line 3 among members in Part VII, Line 2. If filing Form CT-1041, enter the amount on Line 3, on Worksheet B, Line 7. If you are a sole proprietorship or a single member limited liability company that is disregarded as an entity separate from its owner and subject to the provisions of Chapter 229 of the Connecticut General Statutes, enter the amount from Line 3, on Schedule CT-IT Credit, Line 4, Column C. Part II - Qualifying or Veteran Employees- If additional lines are needed, attach a worksheet. A New Employee Name 1 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. C Check if Resident of CT D Date of Hire ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ B Employee Social Security Number m m m m m m m m m m m d m d m d m d m d m d m d m d m d m d d d d d d d d d d d y y y y y y y y y y y y y y y y y y y y E # of Full Calendar Months Employed in 2015 y y y y y y y y y y F Column E Multiplied by $900 00 y 00 y 00 y 00 y 00 y 00 y 00 y 00 y 00 y 00 y 00 Total all amounts entered in Part II, Column F: Enter here and on Part I, Line 1 Part III - Other New Employees- If additional lines are needed, attach a worksheet. A New Employee Name 1 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. C Check if Resident of CT D Date of Hire ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___••• ___ ___ •••___ ___ ___ ___  ___ ___ ___ ___ ___ ___ ___ ___ B Employee Social Security Number m m m m m m m m m m m m m m m m m m m m d d d d d d d d d d Total all amounts entered in Part III, Column F: Enter here and on Part I, Line 2 Form CT-1120 JET Back (Rev. 12/15) d d d d d d d d d d y y y y y y y y y y y y y y y y y y y y E # of Full Calendar Months Employed in 2015 y y y y y y y y y y F Column E Multiplied by $500 00 y 00 y 00 y 00 y 00 y 00 y 00 y 00 y 00 y 00 y 00
Extracted from PDF file 2020-connecticut-form-ct-1120-jet.pdf, last modified November 2015

More about the Connecticut Form CT-1120 JET Corporate Income Tax Tax Credit

We last updated the 2015 Job Expansion Tax Credit in April 2021, and the latest form we have available is for tax year 2020. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Connecticut Department of Revenue Services. You can print other Connecticut tax forms here.

Related Connecticut Corporate Income Tax Forms:

TaxFormFinder has an additional 85 Connecticut income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Connecticut Form CT-1120 JET.

Form Code Form Name
Form CT-1120 A-LP Corporation Business Tax Return Apportionment of Limited Partnership Interests
Form CT-1120 Instructions Connecticut Corporation Business Tax Instructions
Form CT-1120 EXT Application for Extension of Time to File Connecticut Corporation Tax Return
Form CT-1120X Amended Corporation Business Tax Return
Form CT-1120 Corporation Business Tax Return
Form CT-1120 MEC Machinery and Equipment Expenditure Credit
Form CT-1120 CC Authorization and Consent to be Included in a Combined Return
Form CT-1120 EDPC Electronic Data Processing Equipment Property Tax Credit
Form CT-1120 ES Estimated Corporation Business Tax Payment Coupons
Form CT-1120 FCIC Fixed Capital Investment Credit

Download all CT tax forms View all 86 Connecticut Income Tax Forms


Form Sources:

Connecticut usually releases forms for the current tax year between January and April. We last updated Connecticut Form CT-1120 JET from the Department of Revenue Services in April 2021.

Show Sources >

Form CT-1120 JET is a Connecticut Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Connecticut Form CT-1120 JET

We have a total of six past-year versions of Form CT-1120 JET in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form CT-1120 JET

CT-1120 JET, 2015 Job Expansion Tax Credit

2016 Form CT-1120 JET

CT-1120 JET, 2015 Job Expansion Tax Credit

2015 Job Expansion Tax Credit 2015 Form CT-1120 JET

CT-1120 JET, 2015 Job Expansion Tax Credit

2014 Job Expansion Tax Credit 2014 Form CT-1120 JET

CT-1120 JET, 2014 Job Expansion Tax Credit

2013 Job Expansion Tax Credit 2013 Form CT-1120 JET

CT-1120 JET, 2013 Job Expansion Tax Credit

2012 Job Expansion Tax Credit 2012 Form CT-1120 JET

CT-1120 JET, 2012 Job Expansion Tax Credit


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