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

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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
1.
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
2.
certifi cate of eligibility issued by the Commissioner of DECD. Enter also on Form
2.
00
CT-1120K, Part I-C, Line 13, Column A and/or Form CT-207K, Part 1-A, Line 8, Column B.

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