Form Ct-1120 Hpc - Housing Program Contribution Tax Credit - State Of Connecticut Department Of Revenue Services - 2008
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12008
Department of Revenue Services
Form CT-1120 HPC
State of Connecticut
Housing Program Contribution Tax Credit
(Rev. 12/08)
For income year beginning: ________________________ , 2008 and ending: ________________________ , _________ .
Corporation name
Connecticut Tax Registration Number
Complete this form in blue or black ink only. Use Form CT-1120 HPC
Additional Information
to claim the credit allowed under Conn. Gen. Stat §8-395. Attach it to
Contact Connecticut Housing Finance Authority (CHFA) Tax Credit
Form CT-1120K, Business Tax Credit Summary.
Unit, 999 West Street, Rocky Hill CT 06067-4005, at 860-721-9501
Ext. 237; see Informational Publication 2007(31), Guide to
Credit Computation
Connecticut Business Tax Credits; or contact the Department of
Enter the amount of tax credit, as indicated on the credit voucher,
Revenue Services, Taxpayer Services Division at 1-800-382-9463
in Part I. The allowable credit may be applied against the taxes
(Connecticut calls outside the Greater Hartford calling area only) or
administered under Chapters 207, 208, 209, 210, 211, or 212 of the
860-297-5962 (from anywhere). Select Option 6 to speak with a
Connecticut General Statutes. Any remaining credit balance that
representative.
exceeds the credit applied may be carried forward or back to fi ve
succeeding or preceding income years.
Part I - Credit Computation
Enter the amount of tax credit as listed on the voucher issued by CHFA for contributions made in the 2008
income year. Enter here and on Form CT-1120K, Part I-B, Line 3, Column A.
Part II - Computation of Carryforward
Credit may be carried forward or back to the fi ve succeeding or preceding income years.
E
A
B
C
D
Total
Credit
Credit Carried
Credit
Carryforward
to 2009
Credit
Applied
Back to Prior
Applied to
Earned
2003 Through 2007
Income Years
2008
See instructions below.
1.
2003 Housing Program
Contribution Credit
2.
2004 Housing Program
Contribution Credit
3.
2005 Housing Program
Contribution Credit
4.
2006 Housing Program
Contribution Credit
5.
2007 Housing Program
Contribution Credit
6.
2008 Housing Program
Contribution Credit
7. Total Housing Program Contribution Tax Credit applied to 2008: Add Lines 1 through 5,
Column D. Enter here and on Form CT-1120K, Part I-D, Line 16, Column C.
8. Total Housing Program Contribution Tax Credit carryforward to 2009: Add Lines 2 through 6, Column E.
Enter here and on Form CT-1120K, Part I-D, Line 16, Column E.
Computation of Carryforward and Carryback Instructions
Lines 1 through 6, Columns A through D - Enter the amount for each corresponding year.
Lines 2 through 5, Column E - Subtract Lines 2 through 5, Columns B, C, and D, from Lines 2 through 5, Column A.
Line 6, Column C - Any available credit must fi rst be applied against the 2008 income year liability. Do not exceed the difference
between Column A and Column D.
Line 6, Column E - Enter any 2008 tax credits remaining after credits are applied to the 2008 income year and any credit carrybacks are
claimed.
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