Form Ct-1120k - Business Tax Credit Summary - 2009 Page 3
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1
2
3Part I-E
A
B
C
D
E
Electronic Data Processing
Carryforward Amount From
2009 Credit Amount
Amount Applied to
Amount Applied to
Carryforward
Equipment Property Tax Credit
Previous Income Years
Amount to 2010
Claimed
Corporation Tax
Other Taxes
35 Electronic Data Processing Equipment
00
00
00
00
00
Property - Form CT-1120 EDPC
Part II - Tax Credits Applied to the Corporation Business Tax
Combined return fi lers – Do not complete Part II.
00
1
Tax Credit Limitation: Enter amount from Form CT-1120, Schedule C, Line 4.
00
2
Financial Institutions Credit: Enter amount from Part I-A, Line 1, Column B. Do not exceed amount on Line 1.
00
3
Creditable corporation business tax balance: Subtract Line 2 from Line 1.
00
4
Tax Credits With Carryback Provisions: Enter amount from Part I-B, Line 5, Column B. Do not exceed amount on Line 3.
00
5
Creditable corporation business tax balance: Subtract Line 4 from Line 3.
6
Tax Credits Without Carryback or Carryforward Provisions: Enter amount from Part I-C, Line 15, Column B.
Do not exceed amount on Line 5.
00
00
7
Creditable corporation business tax balance: Subtract Line 6 from Line 5.
8
Tax Credits With Carryforward Provisions: Enter amount from Part I-D, Line 34, Column C.
00
Carryforward credits that expire fi rst should be claimed before any credit carryforward that will expire later or not at all. Do not exceed amount on Line 7.
9
Creditable corporation business tax balance: Subtract Line 8 from Line 7.
00
10 Electronic Data Processing Equipment Property Tax Credit: Enter amount from Part I-E, Line 35, Column C. Carryforward
00
credits that expire fi rst should be claimed before any credit carryforward that will expire later. Do not exceed amount on Line 9.
11 Total Corporation Business Tax Credits Applied: Add Part II, Lines 2, 4, 6, 8, and 10. Enter here and on Form CT-1120, Schedule C, Line 5.
Do not exceed amount on Line 1.
00
Part III - Tax Credits Applied to Taxes Other Than the Corporation Business Tax
Name of tax: __________________________ Duplicate Part III as necessary.
1
Tax: Enter the creditable tax amount from the appropriate tax form. The amount of tax credit(s) allowable against the insurance premiums and health care center
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taxes may not exceed 70% (.70) of the amount of tax due prior to the application of the credit(s).
00
2
Tax Credits With Carryback Provisions: Enter amount from Part I-B, Line 5, Column C. Do not exceed amount on Line 1.
00
3
Tax balance: Subtract Line 2 from Line 1.
4
Tax Credits Without Carryback or Carryforward Provisions: Enter amount from Part I-C, Line 15, Column C.
00
Do not exceed the amount on Line 3.
00
5
Tax balance: Subtract Line 4 from Line 3.
00
6
Tax Credits With Carryforward Provisions: Enter amount from Part I-D, Line 34, Column D. Do not exceed amount on Line 5.
00
7
Tax balance: Subtract Line 6 from Line 5.
8
Electronic Data Processing Equipment Property Tax Credit: Enter amount from Part I-E, Line 35, Column D.
Do not exceed amount on Line 7.
00
9
Total Tax Credits Applied to Taxes Other Than the Corporation Business Tax: Add Part III, Lines 2, 4, 6, and 8.
00
Enter here and on the appropriate tax return. Do not exceed amount on Line 1.
Page 3 of 5
Form CT-1120K (Rev. 12/09)
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