CT-1120 JCT: JobsCT Tax Rebate Program (2025)
Connecticut · Connecticut DRS · Used for tax years 2025
Form CT-1120 JCT is used to claim Connecticut’s JobsCT tax rebate for reaching certain job creation targets. It reports the eligible taxpayer’s DECD rebate voucher number and rebate amount for the 2025 income year, which is treated as a tax credit or offset.
Who files this form
Qualified businesses use Form CT-1120 JCT to claim a JobsCT tax rebate for reaching certain job creation targets in Connecticut.
To claim the rebate, a business must have submitted an application to the Department of Economic and Community Development (DECD). DECD must also have issued a rebate voucher showing the available credit and the taxable year for which it may be claimed.
The rebate is treated as a credit against Corporation Business Tax or Pass-Through Entity Tax, or as an offset against Insurance Premiums Tax.
What you'll need
Have the following ready:
- Your DECD rebate voucher applicable to the 2025 income year, including its voucher number and rebate amount.
- The eligible taxpayer’s name and Connecticut Tax Registration Number.
- The beginning and ending dates of the income year.
How to file
Complete the 2025 Form CT-1120 JCT in blue or black ink only.
- Enter the eligible taxpayer’s name, Connecticut Tax Registration Number, and income-year beginning and ending dates.
- In Part I, line 1, enter the DECD rebate voucher number applicable to the 2025 income year.
- On line 2, enter the rebate amount for the 2025 income year shown on that voucher.
The supplied form text does not give mailing or e-filing directions or a filing address.
Common mistakes
- Using the wrong year’s form. Each form is year specific. Use the 2025 form for the 2025 income year.
- Using another ink color. Complete the form in blue or black ink only.
Questions people ask
What happens if my rebate is more than my tax liability?
The excess is treated as an overpayment and refunded without interest.
How is the basic rebate calculated?
A qualified business may receive a rebate equal to 50% of the income tax that would be paid on the average wage for new full-time equivalents (FTEs) created or maintained in an opportunity zone or distressed municipality. For new FTEs created or maintained elsewhere, the rate is 25%.
How soon can a business receive a rebate, and how long can it last?
A rebate will not be granted until at least 24 months after DECD approves the business’s application. Rebates may be granted for no more than seven successive calendar years.
Where can I get more information?
See the Guide to Connecticut Business Tax Credits at portal.ct.gov/DRS, or contact DECD at 860-500-2415 or Connecticut Department of Economic and Community Development, 450 Columbus Boulevard, Hartford, CT 06103.