AN ACT CONCERNING THE JOBSCT TAX REBATE PROGRAM.

HB 7268 revises Connecticut's JobsCT tax rebate program rules, effective October 1, 2025. It defines key terms like "qualified business" (businesses in finance, manufacturing, clean energy, or similar sectors paying certain state taxes) and "qualified FTE" (full-time equivalent employees earning wages meeting specific income thresholds based on local median household income). The bill clarifies how new full-time jobs must be counted for rebates, requiring they aren't replacements for existing positions and must meet wage standards tied to local or statewide income data. It also incorporates special provisions for businesses in distressed municipalities and federal "opportunity zones."