Form Ct-1120 Sba - Small Business Administration Guaranty Fee Tax Credit - 2012
ADVERTISEMENT
1Department of Revenue Services
2012
Form CT-1120 SBA
State of Connecticut
(Rev. 12/12)
Small Business Administration Guaranty Fee Tax Credit
For Income Year Beginning: _______________________ , 2012 and Ending: ________________________ , _________ .
Corporation name
Connecticut Tax Registration Number
Definition
Complete this form in blue or black ink only.
Small business means any business entity qualifying as
Use Form CT-1120 SBA to claim the credit allowed under
a small business under 13 CFR Part 121, which has gross
Conn. Gen. Stat. §12-217cc. Attach it to Form CT-1120K,
receipts of not more than $5 million for the income year in
Business Tax Credit Summary.
which the credit is first allowed.
Credit Computation
Additional Information
A tax credit is allowed against the Connecticut corporation
See Informational Publication 2010(13), Guide to
business tax in an amount equal to the amount paid by a
Connecticut Business Tax Credits, or contact the Department
small business to the federal Small Business Administration,
as a guaranty fee to obtain guaranteed financing.
of Revenue Services, Taxpayer Services Division at
1-800-382-9463 (Connecticut calls outside the Greater
Carryforward/Carryback
Hartford calling area only) or 860-297-5962 (from anywhere).
Any remaining credit balance that exceeds the credit applied
may be carried forward to four succeeding income years.
Part I – Credit Computation
Enter the amount paid to the federal Small Business Administration as a guaranty fee to obtain guaranteed
financing in the 2012 income year. Enter here and on Form CT-1120K, Part I-D, Column B.
Part II – Computation of Carryforward
Credit may be carried forward to four succeeding income years.
See instructions below.
A
B
C
D
E
Total
Credit
Carryforward to 2012
Credit
Carryforward
Credit
Applied
Subtract Column B
Applied to
to 2013
Earned
2008 Through 2011
from Column A.
2012
1. 2008 Small Business Administration
Guaranty Fee tax credit from
2008 Form CT-1120 SBA, Part I.
2. 2009 Small Business Administration
Guaranty Fee tax credit from
2009 Form CT-1120 SBA, Part I.
3. 2010 Small Business Administration
Guaranty Fee tax credit from
2010 Form CT-1120 SBA, Part I.
4. 2011 Small Business Administration
Guaranty Fee tax credit from
2011 Form CT-1120 SBA, Part I.
5. 2012 Small Business Administration
Guaranty Fee tax credit from
2012 Form CT-1120 SBA, Part I.
6. Total Small Business Administration Guaranty Fee tax credit applied to 2012:
Add Lines 1 through 5, Column D. Enter here and on Form CT-1120K, Part I-D, Column C.
7. Total Small Business Administration Guaranty Fee Tax Credit Carryforward to 2013: Add Lines 2 through 5,
Column E. Enter here and on Form CT-1120K, Part I-D, Column E.
Computation of Carryforward Instructions
Lines 1 through 5, Columns A through D - Enter the amount for each corresponding year.
Lines 2 through 4, Column E - Subtract Column D from Column C.
Line 5, Column E - Subtract Column D from Column A.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial