Form Ct-1040 Nr/py - Connecticut Nonresident And Part-Year Resident Income Tax Return And Instructions - 2011 Page 15
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56Vocational Rehabilitation Job Creation Tax Credit
a Connecticut business. The credit is applicable to taxable years
beginning on or after January 1, 2010. However, tax credits cannot
An employer may earn a credit equal to $200 per month for hiring
be reserved for any investments made on or after July 1, 2014.
a new qualifying employee who is receiving rehabilitation services
The allowable credit is 25% of the cash investment, cannot
from the Bureau of Rehabilitation Services within the Department
exceed $250,000, cannot exceed the amount of the income tax
of Social Services or from the Board of Education and Services
imposed under Chapter 229 of the Connecticut General Statutes
for the Blind. The new employee must have been hired after
for the taxable year, and cannot be used against the withholding
May 6, 2010 and prior to January 1, 2012*, to work at least
tax liability imposed by Conn. Gen. Stat. §12-707.
20 hours per week for 48 weeks of a calendar year. The tax credit
may be used against the tax liability under Chapter 229 or against
The credit must be claimed in the taxable year in which the
the tax liability under Chapter 207 or 208 of the Connecticut
investment is made. Any tax credit claimed but not applied
General Statutes, for the income year in which the new employee
against the income tax liability may be carried forward for the
is hired, and if eligible, the two immediately succeeding income
fi ve immediately succeeding taxable years until the full credit
years. However, this credit cannot be used against an employer’s
has been applied. The credit is not transferable. The tax credit
withholding tax liability. Additionally, this credit does not carry
is administered by Connecticut Innovations, Inc.
forward, is nonrefundable, and, if used against an income tax
* Effective October 27, 2011, Connecticut Public Act 11-1,
liability imposed under Chapter 229 of the Connecticut General
§29, October Special Session, amended Conn. Gen. Stat.
Statutes, is limited by the amount of the tax. The tax credit is
§12-704d(b), reduced the minimum cash investment required
not available for an income year if the new employee was not
from $100,000 to $25,000 in qualifi ed securities of a Connecticut
employed by the employer at the close of that income year. This
business.
credit is not allowed for any new qualifying employee hired
by an employer in any taxable year commencing on or after
Economic Nexus
January 1, 2012.* The tax credit is administered by DECD.
2009 legislation established economic nexus as the basis for
* Effective October 27, 2011, Connecticut Public Act 11-1, §22,
determining whether nonresident partners or members of a
October Special Session, amended Conn. Gen. Stat. §12-217oo.
partnership or S corporation are subject to Connecticut income
The amendment requires that the new qualifying employee
tax on income derived from or connected with sources within
must have been hired prior to January 1, 2012, in order for the
the state. A partnership or S corporation has “substantial
employer to claim the credit.
economic presence” in Connecticut if it purposefully directs
business towards the state. Its purpose can be determined by such
Angel Investor Tax Credit
measures as the frequency, quantity, and systematic nature of its
This tax credit is available to angel investors making a cash
economic contact with the state. See Special Notice 2010(29),
investment of not less than $25,000* in the qualifi ed securities of
Q&A on Economic Nexus.
Completing Form CT-1040NR/PY
Before you begin, gather all your records, including all your
separately for Connecticut only is your Connecticut income
tax fi ling status.
federal W-2 and 1099 forms. Use this information to complete
your federal income tax return. The information on your federal
• If you are both part-year residents of Connecticut but do
return is needed to complete your Connecticut return. Complete
not have the same period of residency, fi ling separately for
the return in blue or black ink only.
Connecticut only is your Connecticut income tax fi ling status.
• If you are both part-year residents of Connecticut and have
1
Taxpayer Information
the same period of residency, fi ling jointly for federal and
Filing Status - Check only one box.
Connecticut is your Connecticut income tax fi ling status.
Check the appropriate box to indicate your fi ling status.
• If you are a resident of Connecticut and your spouse is a
nonresident of Connecticut, fi ling separately for Connecticut
Generally, your fi ling status for Connecticut income tax purposes
only is your Connecticut income tax fi ling status unless you
must match your federal income tax fi ling status for the year
both elect to be treated as residents of Connecticut for the entire
except as otherwise noted.
taxable year and to fi le a joint Connecticut income tax return.
Spouses in a same sex marriage must use fi ling jointly for
If an election is made, fi ling jointly for federal and Connecticut
Connecticut only or fi ling separately for Connecticut only.
is your Connecticut income tax fi ling status.
They may not use single or, if applicable, head of household
• If you are both nonresidents of Connecticut and only one of
(although this will be their fi ling status for federal income tax
you has income derived from or connected with sources within
purposes).
Connecticut, only that spouse is required to fi le a Connecticut
income tax return and that spouse’s Connecticut income tax
Filing Jointly for Federal and Connecticut: This is your
fi ling status is fi ling separately for Connecticut only unless
Connecticut income tax fi ling status if your fi ling status for
you both elect to fi le a joint Connecticut income tax return. If
federal income tax purposes is married fi ling jointly except as
an election is made, fi ling jointly for federal and Connecticut
noted below.
is your Connecticut income tax fi ling status.
• If you are a resident or nonresident of Connecticut and
Filing Jointly for Connecticut Only: This is your Connecticut
your spouse is a part-year resident of Connecticut, fi ling
income tax fi ling status if you are in a same sex marriage and
Page 15
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