Form Ct-1120fp - Film Production Tax Credit - 2015
ADVERTISEMENT
1
2Department of Revenue Services
2015
Form CT-1120FP
State of Connecticut
(Rev. 12/15 )
Film Production Tax Credit
For Income Year Beginning: _______________________ , 2015 and Ending: ________________________ , _________ .
Name of eligible taxpayer
Connecticut Tax Registration Number
For credit vouchers issued on or after July 1, 2015, all or
General Information
any part of the tax credit may be claimed in the year the
Complete this form in blue or black ink only.
production expenses or costs were incurred or in any of the
Use Form CT-1120FP to claim the business tax credit
fi ve succeeding years after the year the production expenses
available under Conn. Gen. Stat. §12-217jj for qualifi ed fi lm
or costs were incurred.
production. Attach it to Form CT-1120K, Business Tax Credit
Summary and/or Form CT-207K, Insurance/Health Care Tax
Credit Percentage
Credit Schedule.
This credit is calculated based on a percentage of qualifi ed
The Film Production tax credit is administered by the
production expenses or costs. The percentage depends on
Connecticut Department of Economic and Community
the amount of production expenses or costs, as follows:
Development (DECD) and may not be claimed until DECD
At least $100,000 but not
10% of production expenses
issues a tax credit voucher which lists the amount of the
more than $500,000
or costs
available tax credit.
More than $500,000 but not
15% of production expenses
The Film Production tax credit may be applied against the
more than $1 million
or costs
taxes imposed under Chapter 207 and Chapter 208 of
the Connecticut General Statutes. This tax credit may be
More than $1 million
30% of production expenses
assigned in whole or in part no more than three times.
or costs
Additional Information
Claim Period
See the Guide to Connecticut Business Tax Credits on the
For credit vouchers issued prior to July 1, 2015 all or any part
Department of Revenue Services website at ,
of the tax credit may be claimed in the year the production
or contact DRS at 1-800-382-9463 (Connecticut calls outside
expenses or costs were incurred or in any of the three
the Greater Hartford calling area only) or 860-297-5962 (from
succeeding years after the year the production expenses or
anywhere).
costs were incurred.
Schedule A (attach a copy of Schedule A for each tax credit voucher)
1. DECD Tax Credit Voucher Number
1.
2. Date Credit Voucher issued by DECD
2.
3. Year in which eligible expenditures were incurred
3.
Amount of qualifi ed Film Production tax credit as listed on
4.
4.
the tax credit voucher issued by DECD.
Tax credit is being claimed by:
An eligible production company
An assignee
5.
If credit is being claimed by an assignee, enter the name and Connecticut Tax Registration Number (if available) of the assignor
below.
Attach explanation.
Investor/Assignor’s Name
Investor/Assignor’s Connecticut Tax Registration Number
Initial investor
Second assignor
Third assignor
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial