Form Ct-1120 Hpc - Connecticut Housing Program Contribution Tax Credit - 2015
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1Department of Revenue Services
2015
Form CT-1120 HPC
State of Connecticut
(Rev. 12/15 )
Housing Program Contribution Tax Credit
For Income Year Beginning: _______________________ , 2015 and Ending: ________________________ , _________ .
Corporation name
Connecticut Tax Registration Number
Complete this form in blue or black ink only.
Carryforward/Carryback
Any remaining tax credit balance that exceeds the credit
Use Form CT-1120 HPC to claim the tax credit allowed
applied may be carried forward for fi ve succeeding income
under Conn. Gen. Stat §8-395 to business fi rms that make
years or carried back for fi ve preceding income years.
cash contributions to housing programs that benefi t low and
moderate income individuals and families. Attach this completed
Additional Information
form to Form CT-1120K, Business Tax Credit Summary, and/or
Contact Connecticut Housing Finance Authority (CHFA) Tax
Form CT-207K, Insurance/Health Care Tax Credit Schedule.
Credit Unit, 999 West Street, Rocky Hill CT 06067-4005,
This tax credit is administered by the Connecticut Housing
at 860-721-9501 Ext. 237; see the Guide to Connecticut
Finance Authority (CHFA). To be entitled to claim this credit,
Business Tax Credits available on the Department of
CHFA must have issued the taxpayer a credit voucher, which
Revenue Services (DRS) website at or
indicates the amount of the available tax credit.
contact DRS at 1-800-382-9463 (Connecticut calls outside
the Greater Hartford calling area only) or 860-297-5962 (from
Credit Computation
anywhere).
Enter the amount of tax credit, as indicated on the credit
voucher, in Part I. The allowable credit may be applied
against the taxes administered under Chapters 207, 208,
209, 210, 211, or 212 of the Connecticut General Statutes.
Part I - Credit Computation
Enter the amount of tax credit as shown on the credit voucher issued by CHFA for contributions made in the
2015 income year. Enter here and on Form CT-1120K, Part I-A, Line 2, Column A and/or Form CT-207K,
Part 1A, Column B.
Part II - Computation of Carryforward
Credit may be carried forward or back to the fi ve succeeding or preceding income years. See instructions below.
A
B
C
D
E
Carryforward
Total
Credit
Credit Carried
Credit
Credit
Applied
Back to Prior
Applied to
to
2016
Earned
2010 Through 2014
Income Years
2015
2010 Housing Program
1.
Contribution tax credit, from
2010 Form CT-1120 HPC, Part I.
2011 Housing Program
2.
Contribution tax credit, from
2011 Form CT-1120 HPC, Part I.
2012 Housing Program
3.
Contribution tax credit, from
2012 Form CT-1120 HPC, Part I.
2013 Housing Program
4.
Contribution tax credit, from
2013 Form CT-1120 HPC, Part I.
2014 Housing Program
5.
Contribution tax credit, from
2014 Form CT-1120 HPC, Part I.
2015 Housing Program
6.
Contribution tax credit, from
2015 Form CT-1120 HPC, Part I.
Total Housing Program Contribution tax credit applied to 2015: Add lines 1 through 6 in Column D.
7.
Enter total here and on Form CT-1120K, Part I-C, Column C and/or Form CT-207K, Part 1A, Column C.
Total Housing Program Contribution tax credit carryforward to 2016: Add Lines 2 through 6, Column E.
8.
Enter here and on Form CT-1120K, Part I-C, Column E, or Form CT-207K, Part 1A, Column D.
Computation of Carryforward and Carryback Instructions
Lines 1 through 6, Columns A through D - Enter the amount for each corresponding year.
Lines 2 through 5, Column E - Subtract Columns B, C, and D from Column A.
Line 6, Column C - Any available credit must fi rst be applied against the 2015 income year liability.
Do not exceed the difference between
Column A and Column D.
Line 6, Column E - Enter any 2015 tax credits remaining after credits are applied to the 2015 income year and any credit carrybacks are claimed.
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