Form Ct-1120cr - Instructions For Filling Form (Page 3 of 4) in pdf

Line 7 -

Enter in Column A the amount from Form CT-1120K, Part

Line 18 - For biotechnology companies only, enter in Column A

I-C, Line 7, Column B. Form UT-4, Certificate of Eligibility,

the amount from Form CT-1120K, Part I-D, Line 18,

and Form UT-9, Claim for Corporation Business Tax

Column B. Enter in Column B the amount from Form

Credit, both issued by the Department of Economic and

CT-1120K, Part I-D, Line 18, Column D.

Community Development (DECD), must be attached to

the tax return.

Line 19 - Enter in Column A the amount from Form CT-1120K, Part

I-D, Line 19, Column B. Enter in Column B the amount

Line 8 -

Enter in Column A the amount from Form CT-1120K, Part

from Form CT-1120K, Part I-D, Line 19, Column D.

I-C, Line 8, Column B. Form UT-4, Certificate of Eligibility,

and Form UT-9, Claim for Corporation Business Tax

Line 20 - Enter in Column A the amount from Form CT-1120K, Part

Credit, both issued by the DECD, must be attached to the

I-D, Line 20, Column B. Enter in Column B the amount

tax return.

from Form CT-1120K, Part I-D, Line 20, Column D.

Line 9 -

For corporations other than biotechnology companies,

Line 21 - Enter in Column A the amount from Form CT-1120K, Part

enter in Column A the amount from Form CT-1120K, Part

I-D, Line 21, Column B. Enter in Column B the amount

I-C, Line 9, Column B.

from Form CT-1120K, Part I-D, Line 21, Column D. The

required detailed schedules must be attached to the tax

Line 10-

Enter in Column A the amount from Form CT-1120K, Part

return.

I-C, Line 10, Column B.

Line 22 - Add Lines 14 through 21 in Column A and Column B, and

Line 11-

Enter in Column A the amount from Form CT-1120K, Part

enter the totals in the spaces provided.

I-C, Line 11, Column B.

Line 12 - Enter in Column A the amount from Form CT-1120K, Part

PART I-E - ELECTRONIC DATA PROCESSING EQUIPMENT PROPERTY

I-C, Line 12, Column B. The Certificate of Eligibility issued

TAX CREDIT

by the Department of Transportation must be attached to

Line 23 - Enter on Schedule KC, Part I-E, Line 23, Column A, the

the tax return.

total of the allowable Electronic Data Processing

Line 13 - Add Lines 6 through 12 in Column A, and enter the totals

Equipment Property Tax credits as computed on Form

in the spaces provided.

CT-1120K, Part I-E, Line 23, Column B.

Enter on

Schedule KC, Part I-E, Line 23, Column B, the amount

from Form CT-1120K, Part I-E, Line 23, Column D. The

PART I-D - TAX CREDITS WITH CARRYFORWARD PROVISIONS

credit is allowed on a combined basis against the

Enter on Schedule KC, Part I-D, Lines 16 through 21, Column A, the

combined tax liability of the corporations included in this

combined total of all tax credits earned in 1998 and actually applied

return, and is allowed only after all other tax credits have

to the corporation business tax from Form CT-1120K, Part I-D, Lines

first been applied. Enter on Schedule KC, Part I-E, Line

16 through 21, Column B. Enter on Schedule KC, Part I-D, Lines 14

23, Column C, the name of each affiliate or parent

through 21, Column B, the totals from Form CT-1120K, Part I-D,

included in the combined return claiming the tax credit.

Lines 14 through 21, Column D. Enter on Schedule KC, Part I-D,

Lines 14 through 21, Column C, the name of each affiliate or parent

PART II - CARRYFORWARD CREDITS FROM 1997 INCOME YEAR

included in the combined return claiming the tax credit.

This part enables a corporation to account for any credits that were

Line 14 - If you are claiming the Housing Program Contribution

earned in a preceding income year that were not applied to, or were

Credit complete Schedule KC, Part I-B, Line 3. Enter in

in excess of, the 1997 Connecticut corporation business tax. These

Column B, the amount from Form CT-1120K, Part I-D,

credits are applied to the 1998 corporation business tax after first

Line 14, Column D. This is your carryforward amount for

being applied to the credits calculated in Part I-A, Part I-B, and Part

the Housing Program Contribution Credit. A copy of the

I-C. This part only lists credits which have a carryforward provision.

tax credit voucher issued by CHFA must be attached to

the tax return.

Enter on Schedule KC, Part II, Lines 1 through 11, Column A,

the

total combined amount of carryforward credits from 1997 as

Line 15 - If you are claiming the Employer-Assisted Housing

computed on the 1998 Form CT-1120K, Part II, Lines 1 through 11,

Credit, complete Schedule KC, Part I-B, Line 4. Enter in

Column B.

Enter on Lines 1 through 11, Column B, the name of

Column B, the amount from Form CT-1120K, Part I-D,

each affiliate or parent included in the combined return claiming

Line 15, Column D. This is your carryforward amount for

the tax credit in the space provided.

the Employer-Assisted Housing Credit. A copy of the

Line 1 -

Enter in Column A the amount from Form CT-1120K, Part

Certificate of Compliance approval letter issued by CHFA

II, Line 1, Column B.

Credits may be carried forward for

must be attached to the tax return.

nine successive income years. A copy of the approval

letter issued by the Department of Environmental

Line 16 - Enter in Column A the amount from Form CT-1120K, Part

Protection (DEP) or a copy of CERT-117, Certificate For

I-D, Line 16, Column B. Enter in Column B the amount

Purchases of Tangible Personal Property Incorporated

from Form CT-1120K, Part I-D, Line 16, Column D.

into or Consumed in Air Pollution Control Facilities , or

copy of the tax credit approval letter issued by the

both, must be attached to the tax return.

Department of Social Services must be attached to the

tax return.

Line 2 -

Enter in Column A the amount from Form CT-1120K, Part

II, Line 2, Column B. Credits may be carried forward for

Line 17 - Enter in Column A the amount from Form CT-1120K, Part

four successive income years. A copy of the approval

I-D, Line 17, Column B. Enter in Column B the amount

letter issued by the DEP or a copy of CERT-124, Certificate

from Form CT-1120K, Part I-D, Line 17, Column D. Tax

For Purchases in Connection with Water Pollution Control

credits claimed under Conn. Gen. Stat. §12-217i must

Facilities , or both, must be attached to the tax return.

be supported by schedules reflecting the details of any

computations, including the dates on which expenses

were paid or incurred.

CT-1120CR Instructions (Rev. 12/98)

Page 3

Form Ct-1120cr - Instructions For Filling Form Page 3

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