Form Ct-1120 Hcic - Connecticut Human Capital Investment Tax Credit - 2014
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1
2Department of Revenue Services
2014
Form CT-1120 HCIC
State of Connecticut
(Rev. 12/14)
Human Capital Investment Tax Credit
For Income Year Beginning: _______________________ , 2014 and Ending: ________________________ , _________ .
Corporation name
Connecticut Tax Registration Number
Complete this form in blue or black ink only.
improvements, including physical plant improvements; planning,
site preparation, construction, renovation, or acquisition of facilities
Use Form CT-1120 HCIC to claim the credit available under Conn.
in Connecticut for the purpose of establishing a day care facility in
Gen. Stat. §12-217x. Attach it to Form CT-1120K, Business Tax
Connecticut; child care subsidies paid to employees employed in
Credit Summary.
Connecticut; and contributions made to the Individual Development
Account Reserve Fund.
Required Attachments
Training is the instruction, maintenance, or improvement of the
This form must be accompanied by a detailed schedule that
skills required by the employer for the proper performance of the
identifi es the dates, locations, and descriptions of the training
employee’s duties that are conducted in Connecticut.
programs, and the expenditures for each program. All other
Expenditures are those amounts paid or incurred for the income
requested schedules must also be attached.
year.
Defi nitions
Additional Information
Human Capital Investment means the amount paid or incurred
by a corporation on: in-state job training of persons employed in
A corporation may not use the same expenditures that it used to
Connecticut; work education programs in Connecticut including but
claim the human capital investment credit in order to claim any other
not limited to programs in public high schools and work education-
tax credit against any Connecticut tax.
diversifi ed occupation programs; in-state training and education
See the Guide to Connecticut Business Tax Credits available on the
of persons employed in Connecticut provided by institutions of
Department of Revenue Services (DRS) website at ,
higher learning in Connecticut; donations or capital contributions
or contact DRS at 1-800-382-9463 (Connecticut calls outside the
to institutions of higher learning in Connecticut for technical
Greater Hartford calling area only) or 860-297-5962 (from anywhere).
Part I - Credit Computation
1. Enter expenditures for in-state job training of employees employed in Connecticut.
1.
Attach detailed schedule.
2. Enter expenditures for work education programs in Connecticut.
2.
Attach detailed schedule.
3. Enter expenditures for in-state training and education of persons employed in Connecticut provided
3.
by institutions of higher learning in Connecticut. Attach detailed schedule.
Enter donations or capital contributions to institutions of higher learning
4.
in Connecticut. Attach a schedule listing the names of the institutions
4.
and the amounts of donations.
5. Enter expenditures for planning, site preparation, construction, renovation, or acquisition of facilities
5.
in Connecticut for the purpose of establishing a day care facility in Connecticut. Attach detailed schedule.
Enter expenditures for child care subsidies paid to employees employed in Connecticut.
Attach a schedule listing the name, address, and Social Security Number of each employee who
6.
6.
received a subsidy, the amount of the subsidy, and the name, address, and Taxpayer Identifi cation
Number of the child care provider.
7. Enter contributions made to the Individual Development Account Reserve Fund. Attach detailed schedule.
7.
8. Total Human Capital Investment expenditures: Add Lines 1 through 7.
8.
9. Tax credit: Multiply Line 8 by 5% (.05). Enter here and on Form CT-1120K. Part I-C, Column B.
9.
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