Connecticut Administrative Code
Title 17 - Public Assistance and Welfare Services
615 - Child Day Care Business Firm Tax Credits
Section 17-615-4 - Business firm eligibility

Universal Citation: CT Reg of State Agencies 17-615-4

Current through September 9, 2024

(a) Applications from business firms shall be submitted to the Commissioner after the October first preceding the expenditure year and on or before June first of such expenditure year. The Commissioner shall approve or disapprove each application within sixty (60) days of receipt based on the information submitted, as well as the availability of funds.

(b) As part of the application approval process, the business firm shall be required to furnish the following for each employee receiving a subsidy:

(1) The employee's name or identification number.

(2) The name and address of the child day care providers expected to care for the children and an indication as to the type of child day care.

(3) The amount to be subsidized for the employee's child day care expenses.

(4) The yearly gross salary or wage of each employee.

(5) The number of the employee's children expected to benefit from the subsidy.

(6) The number of weeks during which it is expected that such children will be under the care of such providers.

(c) Applications submitted during any calendar month of the tax year shall be compared against all other applications received during that month. Preference shall be accorded to those applications that document the highest percentage of low income employees that are expected to benefit from a tax subsidy.

(d) In the event the allocation of funds for tax credits is not sufficient to finance all of the qualified applicants, priority shall be established first by the extent to which the tax credits will be used by low income employees and then by the date of the Department's receipt of the application.

(e) The applicant's principal place of business shall be furnished on the application.

(f) For those applications that are approved, the notification shall specify the maximum tax credit limit allocated to the business firm. A copy of such decision of approval shall be attached to the business firm's final tax return filed with the Department of Revenue Services.

(g) If an application is disapproved, the business firm shall be notified in writing of the reasons for the disapproval by the Commissioner.

Disclaimer: These regulations may not be the most recent version. Connecticut may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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