Form Ct-1120rc - Research And Experimental Expenditures Credit

STATE OF CONNECTICUT

2000

DEPARTMENT OF REVENUE SERVICES

FORM CT-1120RC

(Rev. 12/00)

Research and Experimental Expenditures Credit

FOR INCOME YEAR

Beginning

2000, and Ending

CT TAX REGISTRATION NUMBER

Corporation Name

0 0 0

PURPOSE

Complete Form CT-1120RC, Research and Experimental Expenditures Credit, to claim the credit equal to 20% of the incremental

increase in research and experimental expenditures which are conducted in Connecticut, pursuant to Conn. Gen. Stat. §12-217j.

This form must be accompanied by a detailed schedule that identifies the location in Connecticut where the research and

experimentation was conducted and the amounts spent directly on research and experimentation in the current income year

and in the preceding income year. For further information, see Special Notice 2000(15), Corporation Business Tax Credits

1999 - 2000 Update, or contact the Department of Revenue Services, Taxpayer Services Division, 1-800-382-9463 (toll-free within

Connecticut) or 860-297-5962 (from anywhere).

DEFINITIONS

Connecticut research and experimental expenditures are those that may be deducted under §174 of the Internal Revenue Code of

1986 and related regulations. Only amounts spent directly on such research and experimental expenditures will be allowed.

Overhead and other expenses, including general and administrative expenses, which relate to a corporation’s activities as a whole

and not specifically to the research and experimental effort, will not qualify.

Qualifying expenditures include, but are not limited to:

Expenditures incurred in connection with the taxpayer’s trade or business which represent research and development costs in

the experimental or laboratory sense

All costs incurred in the development of an experimental or pilot model, a plant process, a product, a formula, an invention, or

similar property, and the improvement of already existing property of the type mentioned

Costs of obtaining a patent, such as attorneys’ fees expended in making and perfecting a patent application

CREDIT COMPUTATION

The credit is equal to 20% of the amount spent by the corporation directly on Connecticut research and experimental expenditures

that exceeds the amount spent by that corporation on those expenditures during the preceding income year.

— This form must be attached to Form CT-1120 or Form CT-1120S —

PART I - CREDIT COMPUTATION

Amount of Connecticut research and experimental expenditures for the 2000

income year. (Attach detailed schedule)

Amount of Connecticut research and experimental expenditures for the 1999

income year. (Attach detailed schedule)

Balance (Subtract Line 2 from Line 1)

(If zero or less, the corporation is not eligible for this credit.)

TAX CREDIT: Multiply Line 3 by 20% (.20). Enter here and on Form CT-1120K

or Form CT-1120SK, Part I-D, Line 18, Column A.

NOTE: For credit carryforward instructions and schedule, see Part II on reverse side of this form.

Form Ct-1120rc - Research And Experimental Expenditures Credit - 2000

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