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Form CT-1120A-CCA

Instructions

Definitions

Complete this form in blue or black ink only.

Credit card means a credit, travel, or entertainment card.

Use Form CT-1120A-CCA, Corporation Business Tax Return

Apportionment Computation of Income From Credit Card

Receipts means receipts computed according to the method of

Activities, to apportion net income from credit card activities.

accounting used by the taxpayer in the computation of net income.

According to Conn. Gen. Stat. §12-218b(k), a corporation must

Credit card issuer’s reimbursement fee means the fee that

apportion income from credit card activities separately using

a taxpayer receives from a merchant’s bank because one of

Form CT-1120A-CCA (see Conn. Gen. Stat. §12-218(j)). If the

the persons to whom the taxpayer has issued a credit card has

corporation qualifies as a financial service company, all other

charged merchandise or services to the credit card.

income will be apportioned using Form CT-1120A-FS, Corporation

Net income derived from credit card activities means interest

Business Tax Return Apportionment Computation of Income

and fees or penalties in the nature of interest from credit card

From Financial Service Company Activities (see Conn. Gen. Stat.

receivables, and receipts from fees charged to card holders,

§12-218b). If the company does not qualify as a financial service

including, but not limited to annual fees, net gains from the sale of

company, all other income must be apportioned in accordance

credit card receivables, credit card issuer’s reimbursement fees,

with the appropriate schedule.

and credit card receivables servicing fees received in connection

with credit cards issued by the taxpayer, less expenses related

Schedule R-CCA — Connecticut Receipts

to that income, to the extent deductible under Conn. Gen. Stat.

Complete this schedule to calculate Connecticut receipts derived

§§12-213 through 12-242z.

from credit card activities.

Billing address shall be presumed to be the location indicated

Schedule A-1 — Computation of Connecticut

in the books and records of the taxpayer as the address where

Apportionment Fraction

any notice, statement, or bill relating to the card holder is to be

Complete this schedule to calculate an apportionment fraction

mailed, as of the date of mailing.

derived from credit card activities. Enter the apportionment

Credit card activities means those activities involving the

fraction from Line 9 on Form CT-1120, Corporation Business Tax

underwriting and approval of credit card relationships or other

Return, Schedule A, Line 2, if the corporation’s entire net income

business activities generally associated with the conduct of

is attributable to income from credit card activities. Complete

business by an issuer of credit cards from which it derives income.

Schedule A-1 and Schedule A-2 if the corporation’s net income

is derived in part from sources other than credit card activities.

Schedule A-2 — Computation of Connecticut Net Income

Complete this schedule only if income is derived in part

from sources other than credit card activities. Separate

apportionment formulas are used for net income derived from

credit card activities (Schedule A-1, Line 9) and net income derived

from sources other than credit card activities (Form CT-1120A,

Corporation Business Tax Return Apportionment Computation,

Schedule Q or Schedule R, or Form CT-1120A-FS, Line 15, or

other applicable apportionment form). Connecticut net income is

computed on Schedule A-2, Line 13, and entered on Form CT-

1120, Schedule A, Line 3.

Form CT-1120A-CCA Back (Rev. 12/13)

Form Ct-1120a-Cca - Corporation Business Tax Return Apportionment Computation Of Income From Credit Card Activities Page 2

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