Bill Text: CT SB00267 | 2011 | General Assembly | Introduced

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Bill Title: An Act Concerning A Jobs Creation For The Unemployed Tax Credit.

Sponsorship: Partisan Bill (Republican 5)

Status: (Introduced - Dead) 2011-01-20 - Referred to Joint Committee on Finance, Revenue and Bonding [SB00267 Detail]

Download: Connecticut-2011-SB00267-Introduced.html

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General Assembly		Proposed Bill No. 267
January Session, 2011		LCO No. 1418
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. MCKINNEY, 28th Dist. SEN. FASANO, 34th Dist. REP. CAFERO, 142nd Dist. REP. CANDELORA, 86th Dist. REP. KLARIDES, 114th Dist.

AN ACT CONCERNING A JOBS CREATION FOR THE UNEMPLOYED TAX CREDIT.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to create a jobs creation for the unemployed tax credit for any business that creates a net new job, provided the new employee hired for such net new job was, at the time of hiring, receiving unemployment benefits or had exhausted all such benefits and was not currently working in a full-time job. The amount of such credit shall be in an amount equal to four hundred dollars per month that each new employee remains in the net new job. For each new employee, credits may be granted for thirty-six successive months. The credit shall be claimed in the income year in which it is earned. Any credits not used in an income year shall expire.

Statement of Purpose:

To establish a jobs creation for the unemployed tax credit for businesses who hire people off the unemployment rolls.