Form Ct-1120 Edpc - Electronic Data Processing Equipment Property Tax Credit - 2015

ADVERTISEMENT

Department of Revenue Services
Form CT-1120 EDPC
2015
State of Connecticut
Electronic Data Processing Equipment
(Rev. 12/15)
Property Tax Credit
For Income Year Beginning: _____________________________, 2015 and Ending: _____________________________ , ___________ .
Corporation name
Connecticut Tax Registration Number
Complete this form in blue or black ink only.
any computer-based equipment acting as a computer as defi ned
in IRC §168, and any other equipment reported as Code 20 on the
Use Form CT-1120 EDPC to claim the credit available under Conn.
Personal Property Declaration; prescribed by the Secretary of the
Gen. Stat. §12-217t, for personal property taxes paid on electronic
Offi ce of Policy and Management.
data processing equipment to a Connecticut municipality during
the income year. Attach it to Form CT-1120K, Business Tax Credit
Credit Computation
Summary or Form CT-207K, Insurance / Health Care Tax Credit
The electronic data processing property tax credit is allowed only
Schedule.
after the application of all other tax credits. The allowable credit is
applied fi rst against the corporation business tax and then may be
In the case of leased electronic data processing equipment, the
applied against the taxes administered under Chapters 207, 208,
lessee, not the lessor, is entitled to claim this credit if the lease by its
208a, 209, 210, 211, or 212 of the Connecticut General Statutes.
terms or by operation imposes on the lessee the cost of the personal
Any remaining credit balance that exceeds the credit applied may
property taxes on the equipment. However, the lessor and lessee
be carried forward to fi ve succeeding income years.
may elect, in writing, that the lessor may claim the credit. The lessor
shall provide a copy of the written election upon the request of the
Additional Information
Department of Revenue Services (DRS).
See the Guide to Connecticut Business Tax Credits available on the
Defi nition
DRS website at , or contact DRS at 1-800-382-9463
(Connecticut calls outside the Greater Hartford calling area only) or
Electronic data processing equipment means computers,
860-297-5962 (from anywhere).
printers, peripheral computer equipment, bundled software, and
Part I – Credit Computation
Enter the amount of personal property taxes paid or incurred by the corporation on electronic data
processing equipment in 2015 from the October 1, 2014 grand list. Enter here and on Form CT-1120K,
Part I-D, Column B and/or Form CT-207K Part 1C, Column B.
Part II – Computation of Carryforward - Credit may be carried forward to the fi ve succeeding income years. See instructions below.
A
B
C
D
E
Total
Credit
Carryforward to 2015
Credit
Carryforward
Credit
Applied
Subtract Column B
Applied to
to
Earned
2010 Through 2014
from Column A.
2015
2016
2010 Form CT-1120 EDPC,
1.
Part I.
2011 Form CT-1120 EDPC,
2.
Part I.
2012 Form CT-1120 EDPC,
3.
Part I.
2013 Form CT-1120 EDPC,
4.
Part I.
2014 Form CT-1120 EDPC,
5.
Part I.
2015 Form CT-1120 EDPC,
6.
Part I, above.
Total Electronic Data Processing Equipment Property tax credit applied to 2015: Add Lines 1
7.
through 6, Column D and enter here.
Total Electronic Data Processing Equipment Property tax credit carryforward to 2016: Add Lines 2 through 6,
8.
Column E and enter here.
Part II 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 Column D from Column A.
Line 7, Column D - Enter amounts applied to the corporation business tax on Form CT-1120K, Part I-D, Column C. Enter amounts applied against the
taxes imposed by Chapter 207 on Form CT-207K, Part 1C, Column C. Enter amounts applied to other taxes on Form CT-1120K, Part I-D, Column D.
Line 8, Column E - Enter here and on Form CT-1120K, Part I-D, Column E or Form CT-207K Part 1C, Column D.

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go