Connecticut Administrative Code
Title 12 - Taxation
217y - Hiring Incentive Tax Credit Program
Section 12-217y-6 - Business firm to submit report at end of income year

Current through September 9, 2024

(a) Within thirty days of the end of its income year, the business firm which has received a tax credit certification shall submit a report to the Department of Labor, which specifies the number of full calendar months that it employed a qualifying employee during the income year, including a log of the specific dates of the weeks and number of hours per such weeks that the qualifying employee was employed and the name and Social Security number of each qualifying employee. The Department shall notify eligible business firms in writing that they are approved to claim the credit. The notification shall specify the amount of credit the business firm may claim on behalf of each qualifying employee and the total amount of credit the business firm may claim under the Hiring Incentive Tax Credit Program. A copy of this notification shall be attached by the business firm to its corporate business tax return filed with the Department of Revenue Services.

(b) The Department will provide the Department of Revenue Services with a list of each business firm's certified employees and the amount of the firm's tax credit eligibility.

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