CT HB07268

Expands eligibility for the JobsCT tax rebate program to include businesses with 75 or fewer employees that create at least 5 new full-time equivalent positions (FTEs), reduced from the standard 25 FTE requirement

Extends program eligibility to businesses that have elected to pay the pass-through entity tax under chapter 228z, in addition to those subject to corporation business tax or insurance premiums tax

Creates a new additional rebate equal to 50% of the estimated state income tax on wages for employees who reside in concentrated poverty census tracts, available starting January 1, 2025

Maintains the $40 million annual cap on total rebates and $15 million cap on discretionary FTE rebates, with maximum rebates of $5,000 per FTE per year for up to seven consecutive years

Effective date of October 1, 2025