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Department of Revenue Services

2014

Form CT-1120HH

State of Connecticut

(Rev. 12/14)

Historic Homes Rehabilitation Tax Credit

For Income Year Beginning: _______________________ , 2014 and Ending: ________________________ , _________ .

Corporation name

Connecticut Tax Registration Number

General Information

Credit Computation

Complete this form in blue or black ink only.

A tax credit under Conn. Gen. Stat. §10-416 is available in an amount

equal to the lesser of 30% of projected qualiﬁ ed rehabilitation

Use Form CT-1120HH to claim the Historic Homes Rehabilitation

expenditures or 30% of the actual rehabilitation expenditures

tax credit available under Conn. Gen. Stat. §10-416. Attach it to

incurred in the rehabilitation of an historic home. Owners of historic

Form CT-1120K, Business Tax Credit Summary, and/or Form

homes must incur qualiﬁ ed rehabilitation expenditures that exceed

CT-207K, Insurance/Health Care Tax Credit Schedule.

$25,000 in order to qualify. After the rehabilitation work is performed

This tax credit is administered by the Department of Economic and

by the owner and veriﬁ ed by DECD, a tax credit voucher is provided

Community Development (DECD) and an application to earn the

to either the owner rehabilitating the historic home or to the taxpayer

tax credit is required. The credit may only be claimed if a tax credit

named by the owner as contributing to the rehabilitation. The credit

voucher has been issued by DECD.

is limited to $30,000 per dwelling unit.

This credit may be applied against the taxes administered under

Carryforward/Carryback

Chapters 207 (insurance companies and health care centers taxes),

Any remaining credit balance that exceeds the credit applied may

208 (corporation business tax), 209 (air carriers tax), 210 (railroad

be carried forward for four income years. This credit may not be

companies tax), 211 (community antenna television systems tax),

assigned. No carryback is allowed.

or 212 (utility companies tax) of the Connecticut General Statutes.

The tax credit issued by DECD shall be taken by the holder of the

Additional Information

tax credit voucher in the same year in which the voucher is issued.

See the Guide to Connecticut Business Tax Credits available on the

Department of Revenue Services (DRS) website at ,

or contact DRS at 1-800-382-9463 (Connecticut calls outside the

Greater Hartford calling area only) or 860-297-5962 (from anywhere).

Part I - Credit Computation

Tax credit: Enter the total amount of Historic Homes Rehabilitation tax credit as listed on

the voucher issued by

DECD

for the 2014 income year. Enter here and on Form CT-1120K,

Part I-C, Column B, and/or Form CT-207K, Part 1C, Column B.

Form Ct-1120hh - Historic Homes Rehabilitation Tax Credit - Connecticut Department Of Revenue - 2014

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