Form Ct-1120hh - Historic Homes Rehabilitation Tax Credit - 2015

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Department of Revenue Services
2015
Form CT-1120HH
State of Connecticut
(Rev. 12/15)
Historic Homes Rehabilitation Tax Credit
For Income Year Beginning: _______________________ , 2015 and Ending: ________________________ , _________ .
Corporation name
Connecticut Tax Registration Number
General Information
expenditures or 30% of the actual rehabilitation expenditures
incurred in the rehabilitation of an historic home. Owners of historic
Complete this form in blue or black ink only.
homes must incur qualifi ed rehabilitation expenditures that exceed
Use Form CT-1120HH to claim the Historic Homes Rehabilitation
$15,000 in order to qualify. After the rehabilitation work is performed
tax credit available under Conn. Gen. Stat. §10-416. Attach it to
by the owner and verifi ed by DECD, a tax credit voucher is provided
Form CT-1120K, Business Tax Credit Summary, and/or Form
to either the owner rehabilitating the historic home or to the taxpayer
CT-207K, Insurance/Health Care Tax Credit Schedule.
named by the owner as contributing to the rehabilitation. The credit
shall not exceed $30,000 per dwelling unit, except that such credit
This tax credit is administered by the Department of Economic and
shall not exceed $50,000 per dwelling unit for an owner that is a
Community Development (DECD) and an application to earn the
nonprofi t corporation.
tax credit is required. The credit may only be claimed if a tax credit
voucher has been issued by DECD.
Carryforward/Carryback
This credit may be applied against the taxes administered under
Any remaining credit balance that exceeds the credit applied may
Chapters 207 (insurance companies and health care centers taxes),
be carried forward for four income years. This credit may not be
208 (corporation business tax), 209 (air carriers tax), 210 (railroad
assigned. No carryback is allowed.
companies tax), 211 (community antenna television systems tax),
or 212 (utility companies tax) of the Connecticut General Statutes.
Additional Information
The tax credit granted by DECD shall be taken by the holder of the
See the Guide to Connecticut Business Tax Credits available on the
tax credit voucher in the same year in which the voucher is issued.
Department of Revenue Services (DRS) website at ,
Credit Computation
or contact DRS at 1-800-382-9463 (Connecticut calls outside the
Greater Hartford calling area only) or 860-297-5962 (from anywhere).
A tax credit under Conn. Gen. Stat. §10-416 is available in an amount
equal to the lesser of 30% of projected qualifi ed rehabilitation
Part I - Credit Computation
Tax credit: Enter the total amount of Historic Homes Rehabilitation tax credit as listed on
1.
the voucher issued by
DECD
for the 2015 income year. Enter here and on Form CT-1120K,
1.
Part I-C, Column B, and/or Form CT-207K, Part 1C, Column B.

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