Form Ct-1120fp - Film Production Tax Credit 2006 - Connecticut Department Of Revenue Services
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1Department of Revenue Services
2006
State of Connecticut
Form CT-1120FP
(New 12/06)
Film Production Tax Credit
For Income Year
Beginning
2006, and Ending
Name of Eligible Taxpayer
Connecticut Tax Registration Number or SSN
Definitions
Complete Form CT-1120FP, Film Production Tax Credit, to claim
the corporation business tax credit available for qualified film
Eligible Production Company means a corporation, partnership,
production expenses as provided in 2006 Conn. Pub. Acts 186,
limited liability company, or other business entity engaged in the
§83 (original language adopted in 2006 Conn. Pub. Acts 83, §20,
business of producing qualified productions on a one-time or
as amended by 2006 Conn. Pub. Acts 187, §79).
ongoing basis, and qualified by the Secretary of the State to
engage in business in the state.
General Information
Production Expenses and Costs which qualify for the credit are
The credit may be earned by an eligible production company.
generally defined to mean all expenditures clearly and
The credit is administered by the Connecticut Commission on
demonstrably incurred in the state in the development,
Culture and Tourism (CCCT) and an application to earn the tax
preproduction, production, or postproduction cost of a qualified
credit must be submitted to CCCT not later than 90 days after the
production.
first production expenses and costs are incurred.
Additional Information
The credit is equal to 30% of qualified production expenses and
costs, and must be claimed in the income year in which final
See Informational Publication 2006(15), Guide to Connecticut
certification is made. Any credit not used in the income year for
Business Tax Credits, or contact DRS, Taxpayer Services Division
which it is allowed may be carried forward for three succeeding
at 1-800-382-9463 (Connecticut calls outside the Greater Hartford
income years.
calling area only) or 860-297-5962 (from anywhere).
Any credit allowed may be sold, assigned, or otherwise transferred
TTY, TDD, and Text Telephone users only may transmit inquiries
in whole or in part, to one or more taxpayers provided the taxpayers
anytime by calling 860-297-4911.
may claim the credit only for an income year in which the eligible
production company would have been eligible to claim the credit.
Complete this form in blue or black ink only.
PART I - Credit Computation
1.
Available credit was received by:
Investment
Assignment
Partly by investment and partly by assignment
If available credit was received by assignment, enter the name and Connecticut Taxpayer Identification Number
of the assignor below. (Attach explanation.)
__________________________________________________
____________________________________________
Assignor’s Name
Assignor’s Connecticut Tax Registration Number
2.
Total amount of qualified Film Production Credit as listed on the tax credit certificate issued by CCCT
for the 2006 income year. Enter here and on Form CT-1120K, Part I-D, Line 30, Column B.
2.
PART II - Computation of Carryforward
Credit may be carried forward to three succeeding income years.
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A
B
C
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1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
Total Credit Earned
Credit Applied
Carryforward to 2007 (Subtract
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
to 2006
Column B from Column A.)
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1. 2006 Film Production Credit
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1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
2. Total Film Production Credit applied to 2006 (Enter amount from Line 1,
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
Column B. Enter here and on Form CT-1120K, Part I-D, Line 30, Column C.)
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
3. Total Film Production Credit carryforward to 2007 (Enter amount from Line 1, Column C. Enter here and
on Form CT-1120K, Part I-D, Line 30, Column E.)
Computation of Carryforward Instructions
Line 1, Columns A through C - Complete as indicated.
Line 2, Column B - Enter amount from Line 1, Column B. Enter here and on Form CT-1120K, Part I-D, Line 30, Column C.
Line 3, Column C - Enter amount from Line 1, Column C. Enter here and on Form CT-1120K, Part I-D, Line 30, Column E.
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