Form Ct-1120 Dwc - Displaced Worker Tax Credits - 2013
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1Department of Revenue Services
2013
State of Connecticut
Form CT-1120 DWC
(Rev. 12/13)
Displaced Worker Tax Credits
For Income Year Beginning: _______________________ , 2013 and Ending: ________________________ , _________ .
Corporation name
Connecticut Tax Registration Number
Definitions
Complete this form in blue or black ink only.
Displaced Electric Worker means any Connecticut employee,
Use Form CT-1120 DWC to claim the tax credits allowed
other than an officer or a director, of an electric company as
under Conn. Gen. Stat. §§12-217bb and 12-217hh. Attach
defined in Conn. Gen. Stat. §16-1, or a generation entity or
it to Form CT-1120K, Business Tax Credit Summary, and/or
affiliate, who has been terminated as a direct result of the
Form CT-207K, Insurance/Health Care Tax Credit Schedule.
restructuring of the electric industry.
Credit Computation
Displaced Worker means any person employed in Connecticut
The displaced worker tax credits were repealed effective
whose position was terminated by his or her former employer as
July 1, 2013. On Line 1 and Line 4 only include the employees
a direct result of a business restructuring in which the positions
who completed their initial 12 or 6 month employment periods
of at least ten persons employed in Connecticut by the former
prior to July 1, 2013.
employer were terminated provided the wages or salary for the
first 12 months of his or her new employment are at least 75% of
Displaced Electric Worker Credit
the displaced worker’s previous annual wages or salary. It does
A $1,500 credit against the Connecticut corporation business
not include any person whose former employer is or was at the
tax is available to any electric supplier in Connecticut, other
time of termination of the position a related person (as defined in
than a generation entity or affiliate of an electric company, that
Conn. Gen. Stat. §12-217hh(a)(2)) with respect to the taxpayer.
hires a displaced electric worker for a new period of six months
of full-time employment. The credit may only be taken once for
Electric Supplier means a facility that provides electric
each displaced electric worker hired.
generation services, as defined in Conn. Gen. Stat. §16-1.
Do not include employees for whom a credit is claimed under
Required Attachment
the Qualified Small Business Job Creation or Job Expansion
This form must be accompanied by a detailed schedule
tax credits.
identifying the displaced worker, job title and description, name
Displaced Worker Credit
and address of previous employer, and date of hire.
A $1,500 credit against the tax imposed under Chapters 207,
208, or 212 of the Connecticut General Statutes (other than
Additional Information
the tax imposed by Conn. Gen. Stat. §12-202a), is available
See the Guide to Connecticut Business Tax Credits
for each displaced worker hired. The credit may only be taken
available on the Department of Revenue Services
once for any displaced worker and no taxpayer may claim this
(DRS) website at , or contact DRS at
credit and the credit under Conn. Gen. Stat. §12-217bb for the
1-800-382-9463 (Connecticut calls outside the Greater
same displaced worker.
Hartford calling area only) or 860-297-5962 (from anywhere).
Do not include employees for whom a credit is claimed under
the Qualified Small Business Job Creation or Job Expansion
tax credits.
Credit Computation
Enter the total number of displaced workers hired that have completed at least 12 months of
1.
1.
full-time employment prior to July 1, 2013. Attach detailed schedule.
2. Amount of credit available per displaced worker
2.
$1,500
00
3. Multiply Line 1 by Line 2.
3.
00
Enter the total number of displaced electric workers hired that have completed at least six
4.
4.
months of full-time employment prior to July 1, 2013. Do not include displaced workers
included on Line 1. Attach detailed schedule.
5. Amount of credit available per displaced electric worker
5.
$1,500
00
6. Multiply Line 4 by Line 5.
6.
00
Total corporation business tax credit: Add Line 3 and Line 6. Enter amount
7.
7.
here and on Form CT-1120K, Part I-C, Column A.
00
Amount applied to corporation business tax: Enter amount here and on
8.
8.
Form CT-1120K, Part I-C, Column B.
00
Amount applied to tax imposed under Chapter 207 and other taxes: Enter amount from
Line 3 here and on Form CT-207K, Part 1B, Column B and Column C and/or
9.
9.
Form CT-1120K, Part I-C, Column C.
This amount cannot exceed the amount on Line 3.
00
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