Instructions For Form Ct-1040 - Connecticut Resident Income Tax - 2011 Page 29
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52Line 56
taxes paid during 2011 to a Connecticut political subdivision
Multiply the percentage arrived at on Line 54 by the amount
on a primary residence, privately owned or leased motor
reported on Line 55.
vehicle, or both. You must attach Schedule 3 to Form CT-1040
or your credit will be disallowed. If you entered zero on
Example: Jen is a Connecticut resident who worked in City Y,
Form CT-1040, Line 10, do not complete this schedule. See
a city in State X, during the taxable year. Jen’s fi ling status is
Informational Publication 2011(20), Q&A: Income Tax
single and her Connecticut adjusted gross income is $160,000.
Credit for Property Taxes Paid to a Connecticut Political
The amount entered on Jen’s Form CT-1040, Line 55, is $7,800.
Subdivision.
Both State X and City Y impose an income tax. Her Connecticut
adjusted gross income derived from State X is $80,000 as is her
Which Property Tax Bills Qualify
Connecticut adjusted gross income derived from City Y. Because
You may take credit against your 2011 Connecticut income
the amounts of income taxed by both State X and City Y are the
tax liability for property tax payments you made on your
same, Jen uses one column on Form CT-1040, Schedule 2. Jen
primary residence, privately owned or leased motor vehicle,
pays an income tax of $6,000 to State X and an income tax of
or both, to a Connecticut political subdivision. Generally,
$360 to City Y. Since Jen’s Form CT-1040, Line 51, is $160,000,
her Schedule 2 is completed as follows:
property tax bills due and paid during 2011 qualify for this
credit. This includes any installment payments you made
Column A
Column B
during 2011 that were due in 2011 and any installments you
Line 52
State X, City Y
prepaid during 2011 due in 2012. Supplemental property tax
Line 53
80,000 00
00
bills that were due during 2011 or 2012 also qualify if paid
Line 54
.5000
Line 55
7,800 00
00
during 2011. However, the late payment of any property tax
Line 56
3,900 00
00
bills or the payment of any interest, fees, or charges related
Line 57
6,360 00
00
to the property tax bill do not qualify for the credit.
Line 58
3,900 00
00
Taxpayers who fi le a joint Connecticut income tax return
Line 59
Total Credit
3,900 00
may include property tax bills for which each spouse is
individually or jointly liable.
Line 57: Income Tax Paid to a Qualifying
You may take credit for a leased motor vehicle if you had
Jurisdiction
a written lease agreement for a term of more than one year,
Enter the total amount of income tax paid to a qualifying
and the property tax became due and was paid during 2011
jurisdiction.
(either by the leasing company or by you). Refer to your
January 2012 billing statement from the leasing company to
Income tax paid means the lesser of your income tax liability
determine the amount of property taxes that may be eligible
to the qualifying jurisdiction or the income tax paid to that
for the credit. Your statement will either indicate the amount
jurisdiction as reported on a return fi led with that jurisdiction,
of property taxes paid on your leased motor vehicle or
but not penalty or interest. Do not report the amount of tax
provide you with a toll-free number you may call to obtain
withheld for that jurisdiction directly from your W-2 or 1099
the necessary information. If you do not receive a billing
form. You must fi rst complete a return for the qualifying
statement in January 2012, contact your leasing company for
jurisdiction to determine the amount of income tax paid.
the appropriate property tax information.
Line 58
Enter the lesser of the amounts reported on Line 56 or
Example 1: Lisa received a property tax bill for a motor
Line 57.
vehicle listed on her town’s October 1, 2009, grand list.
The bill was payable in two installments, July 1, 2010, and
Line 59: Total Credit for Income Taxes Paid to
January 1, 2011. If Lisa paid the January 1, 2011, installment on
Qualifying Jurisdictions
January 1, 2011, she is eligible to claim it on her 2011 income
Add the amounts from Line 58A, Line 58B, and Line 58 of
tax return. If she prepaid it during 2010, she is not eligible to
take credit for it on her 2011 return, but she may have been
any additional worksheets. The amount on Line 59 cannot
eligible to take credit for it on her 2010 return.
exceed the amount on Line 56. Enter the total here and on
Form CT-1040, Line 7.
Example 2: Mary received a property tax bill for a motor
You must attach a copy of your return fi led with the
vehicle listed on her town’s October 1, 2010, grand list.
The bill was payable in two installments, July 1, 2011, and
qualifying jurisdiction(s) or the credit will be disallowed.
January 1, 2012. Mary is eligible to take credit for both
installments on her 2011 income tax return if she paid both
Schedule 3 – Property Tax Credit
installments during 2011. If Mary waited until January 1, 2012,
to pay her second installment, she is not eligible to take credit
Connecticut residents must complete Schedule 3 to determine
on her 2011 return for this installment, but she may be eligible
the amount of credit (if any) that may be taken against a
to take credit for it on her 2012 return.
Connecticut income tax liability. The credit is for property
Page 29
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