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Department of Revenue Services

2014

Form CT-1120HS

State of Connecticut

(Rev. 12/14)

Historic Structures Rehabilitation Tax Credit

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

Name of eligible taxpayer

Connecticut Tax Registration Number

General Information

Credit Computation

Complete this form in blue or black ink only.

Prior to any rehabilitation work taking place, the owner must

submit a rehabilitation plan to DECD along with an estimate of

Use Form CT-1120HS to claim the Historic Structures

the qualiﬁ ed expenditures. DECD will certify the plan and reserve

Rehabilitation tax credit available under Conn. Gen. Stat.

credits equal to 25% of the projected expenditures, not to exceed

§10-416a to owners rehabilitating certiﬁ ed historic structures

$2.7 million. Upon completion of the project, DECD veriﬁ es the

for residential use. Attach it to Form CT-1120K, Business Tax

owner’s compliance with the rehabilitation plan and issues a

Credit Summary and/or CT-207K, Insurance/Health Care Tax

credit voucher to the owner rehabilitating the certiﬁ ed historic

Credit Schedule.

structure or to the taxpayer named by the owner as contributing

The Historic Structures Rehabilitation tax credit is administered

to the rehabilitation.

by the Department of Economic and Community Development

Carryforward/Carryback

(DECD). The credit may only be claimed if a tax credit voucher

Any remaining credit balance that exceeds the credit applied

has been issued by DECD.

may be carried forward for ﬁ ve income years. No carryback is

This credit may be applied against the taxes administered under

allowed.

Chapters 207 (insurance companies and health care centers

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

Additional Information

(railroad companies tax), 211 (community antenna television

See the Guide to Connecticut Business Tax Credits available

systems tax), or 212 (utility companies tax) of the Connecticut

on the Department of Revenue Services (DRS) website

General Statutes. The tax credit may be claimed in the year in

at , or contact DRS at 1-800-382-9463

which the substantially rehabilitated certiﬁ ed historic structure is

(Connecticut calls outside the Greater Hartford calling area only)

placed in service. In the case of projects completed in phases,

or 860-297-5962 (from anywhere).

the tax credit shall be prorated to the substantially rehabilitated

identiﬁ able portion of the building placed in service.

Any owner allowed this tax credit may assign the credit to any

individual or entity. An assignee must claim the credit in the

same year that the assignor would have been eligible to claim

the credit. An assignee may not further assign the tax credit.

Part I - Credit Computation

The Historic Structures Rehabilitation tax credit is being claimed by:

 





 

An owner

An assignee

A taxpayer named by owner as contributing to the rehabilitation

If credit is being claimed by an assignee, enter the name and Connecticut Tax Registration Number (if available) of the assignor

below. Attach explanation.

________________________________________________

______________________________________________

Assignor’s name

Assignor’s Connecticut Tax Registration Number

Tax credit: Enter the amount of Historic Structures Rehabilitation tax credit as listed on the voucher

DECD

issued by

for the 2014 income year. Enter here and on Form CT-1120K, Part I-C, Column B

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

Form Ct-1120hs - Historic Structures Rehabilitation Tax Credit - Connecticut Department Of Revenue - 2014

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