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Job Expansion Tax Credit Program (JET) (DECD)

Job

Provides tax credits of $500 per month for each new full-time job created through the Department of Economic and Community Development (DECD).

Is this resource a good fit for you?

If you are creating new jobs and want to receive tax credits for those jobs created.

Description

Connecticut businesses can be eligible for tax credits of $500 per month for each new full-time job created. If the new employee is receiving vocational rehabilitative services from the Bureau of Rehabilitative Services, is receiving unemployment benefits, or is a veteran 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, then the tax credit is increased to $900 per month.

Criteria

Submit an eligibility requirement form to DECD to see if your company is eligible.

Contact Info

Contact: Lindy Gold

State: CT

Phone: 860-270-8073

Email: Lindylee.gold@ct.gov.    

Website: Department of Economic and Community Development

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