Job Expansion Tax Credit Program (JET)(DECD)

Job Expansion Tax Credit Program (JET)(DECD) Connecticut businesses can be eligible for tax credits of $500 per month for each new full-time job created through the DECD.

What's the value to me?

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

Description & Overview

Services

  • 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, receiving unemployment benefits, or a veteran employee who is in the armed forces or was honorably discharged from active service in the armed forces at the time of hiring by the taxpayer 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

505 Hudson Street
Hartford, CT 06106

Lindy Gold
P: 860-270-8073
W: Department of Economic and Community Development

Phases:

Scale
Plateau

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