Form Ct-1120 Oc - Opportunity Certificate Credit - 1998
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1STATE OF CONNECTICUT
DEPARTMENT OF REVENUE SERVICES
(Rev. 12/98)
FOR INCOME YEAR
Beginning
1998, and Ending
19
CT TAX REGISTRATION NUMBER
Corporation Name
PURPOSE OF FORM
Complete Form CT-1120 OC, Opportunity Certificate Credit, to claim the credit available under 1997 Conn. Pub. Acts 295, §7. Any business firm that
desires to hire a qualifying employee in any income year beginning on or after January 1, 1997, may apply to the Commissioner of Social Services for an
allocation of a tax credit in an amount equal to $125 for each full month that such employee is employed by the firm.
DEFINITIONS
A qualifying employee is any employee who is employed at least 15 hours per week by the business firm and who, at the time of employment, has been
receiving benefits from the Temporary Family Assistance Program for more than nine months.
OPPORTUNITY CERTIFICATE CREDIT COMPUTATION
Multiply the number of complete calendar months worked by qualifying employees during the income year by $125 to determine the amount of credit.
This form must be accompanied by an approval letter issued by the Department of Social Services for each employee hired under the Opportunity Certificate
Program. For further information see IP 95(2.1), A Guide to Connecticut Corporation Business Tax Credits or contact the Department of Social Services,
25 Sigourney Street, Hartford CT 06106 (860-424-5547).
This form must be attached to Form CT-1120 or Form CT-1120S.
(If additional lines are needed, please attach a worksheet)
A
B
C
D
E
Qualifying Employee Name
Employee Social
Date of Hire
Number of Complete
Column D
Security Number
Calendar Months
multiplied by $125
E m p l o y e d
1.
2.
3.
4.
5.
6.
7.
8.
Tax Credit: Add Lines 1 through 7, Column E. Enter here and on Form CT-1120K or Form CT-1120SK,
Part I-D, Line 16.
-
Credit may be carried forward to the next five succeeding income years
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
A
B
C
D
E
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
Credit Applied
Total Credit Earned
Carryforward to 1998
Credit Applied
Carryforward to 1999
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
to 1997
(Subtract Column B
to 1998
(Subtract Column D
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
from Column A)
from Column C)
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
1.
1997 Opportunity
Certificate Credit from
1997 Form CT-1120 OC
2.
1998 Opportunity
- 0 -
Certificate Credit from
1998 Form CT-1120 OC
3. Total Opportunity Certificate Credit Carryforward to 1999 (Add lines 1 and 2, Column E)
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