Conn. Gen. Stat. § 32-7u
JobsCT tax rebates. Claims by affected business entities. Credit available to members of affected business entities
Connecticut · General Statutes of Connecticut Chapter 578 — Department of Economic and Community Development · Status: effective
Cite this
- Citation
- Conn. Gen. Stat. § 32-7u, JobsCT tax rebates. Claims by affected business entities. Credit available to members of affected business entities, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2197694
- Permanent ID
ys:prov:2197694@1- SHA-256
6e11a94b7add79d6f02f21f6b07490ae513f0269865b25aa94a1fac6d872c844
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
As used in this section, “affected business entity” and “member” have the same meanings as provided in subsection (a) of section 12-699. An affected business entity that receives a rebate under section 32-7t shall claim such rebate as a credit against the tax due under chapter 228z. If the amount of the rebate allowed pursuant to section 32-7t exceeds the liability for the tax imposed under chapter 228z, the Commissioner of Revenue Services shall treat such excess as an overpayment and shall refund the amount of such excess, without interest, to the taxpayer. With respect to an affected business entity granted a rebate pursuant to section 32-7t, the credit available to the members of such entity pursuant to subdivision (1) of subsection (f) of section 12-699 shall be based upon the amount of tax due under chapter 228z from such entity prior to the application of the rebate granted pursuant to section 32-7t and any other payments made against such tax due.