Form Ct-1120 Fcic - Fixed Capital Investment Tax Credit

Part II - Computation of Carryforward -

Credit may be carried forward to ﬁ ve succeeding income years. See instructions below.

Total

Credit

Carryforward to 2015

Credit

Carryforward

Credit

Applied 2010

Subtract Column B

Applied to

Earned

Through 2014

from Column A.

2015

2016

1. 2010 Form CT-1120 FCIC,

Part I, Line 4

2. 2011 Form CT-1120 FCIC,

Part I, Line 4

3. 2012 Form CT-1120 FCIC,

Part I, Line 4

4. 2013 Form CT-1120 FCIC,

Part I, Line 4

5. 2014 Form CT-1120 FCIC,

Part I, Line 4

6. 2015 Form CT-1120 FCIC,

Part I, Line 4

7. Total Fixed Capital Investment tax credit applied to 2015: Add Lines 1 through 6,

Column D. Enter total here and on Form CT-1120K, Part I-C, Column C.

8. Total Fixed Capital Investment tax credit carryforward to 2016: Add Lines 2 through 6, Column E.

Enter total here and on Form CT-1120K, Part I-C, Column E.

Computation of Carryforward Instructions

Lines 1 through 6, Columns A through D - Enter the amount for each corresponding year.

Lines 2 through 5, Column E - Subtract Column D from Column C.

Line 6, Column E - Subtract Line 6, Column D from Line 6, Column A.

Part III - Computation of Recapture -

See instructions below.

Enter the amount of Fixed Capital Investment tax credit to be recaptured at 50%.

Attach detailed schedule.

2. Multiply Line 1 by 50% (.50).

Enter the amount of Fixed Capital Investment tax credit to be recaptured at 100%.

Attach detailed schedule.

Total recapture amount: Add Line 2 and Line 3. Enter total here and on Form CT-1120,

or Form CT-1120U, Schedule C, Line 1c or Form CT-1120CR, Part IV, Line 4.

Computation of Recapture Instructions

The corporation is required to recapture 50% of the credit allowed if the ﬁ xed capital for which the credit was applied or its

replacement is not held and used in Connecticut in the ordinary course of the corporation’s trade or business in Connecticut

for ﬁ ve full years following its acquisition.

The corporation is required to recapture 100% of the credit allowed if the ﬁ xed capital for which the credit was applied or its

replacement is not held and used in Connecticut in the ordinary course of the corporation’s trade or business in Connecticut

for three full years following its acquisition.

Recapture is required in the income year following the income year during which the three-year or ﬁ ve-year period expires.

A corporation may also elect to recapture earlier than is required.

The corporation should include the amount of the credit to be recaptured for capital held at least three years, but less than

ﬁ ve years in Line 1 and the amount of the credit to be recaptured for capital held for less than three years in Line 3.

Form CT-1120 FCIC Back (Rev. 12/15 )

Form Ct-1120 Fcic - Fixed Capital Investment Tax Credit - 2015 Page 2

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