Job Expansion Tax Credit (Connecticut)
Last modified on February 12, 2015.
|Applies to States or Provinces||Connecticut|
|Name||Job Expansion Tax Credit (Connecticut)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Program Administrator||Connecticut Department of Economic and Community Development|
The Job Expansion Tax Credit allows eligible businesses to receive tax credits for each new full-time position created. Up to $500 per month per employee is available for up to three years. The credit can be applies against a variety of taxes. Businesses must hire a pre-determined number of employees per company size threshold to qualify for the credits.
|Contact Name||Lindy Lee Gold|
|Department||Department of Economic and Community Development|
|Division||Office of Business and Industry Development|