AN ACT CONCERNING THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT'S RECOMMENDATIONS FOR REVISIONS TO THE JOBSCT PROGRAM AND THE COMMERCE AND RELATED STATUTES.

This bill updates the state's job creation tax rebate program by replacing its existing definitions with a new set of terms to clarify eligibility and requirements. It directly affects businesses applying for economic development rebates by establishing specific rules for what counts as a new employee, a full-time job, and a qualified wage. Key provisions redefine a qualified business to include sectors like finance, technology, and clean energy, while setting wage thresholds based on local median income or a scaled minimum wage. The legislation also introduces stricter criteria for counting new jobs, ensuring they are not temporary, seasonal, or replacements for existing positions, and adds provisions for employees with intellectual disabilities.