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Department of Revenue Services

2013

Form CT-1120GC

State of Connecticut

Research and Development Tax Credit for Grants

(Rev. 12/13)

to Institutions of Higher Education

For Income Year Beginning: _______________________ , 2013 and Ending: ________________________ , _________ .

Corporation name

Connecticut Tax Registration Number

Definitions

Complete this form in blue or black ink only.

Grant means the donation of funds to any institution of higher

Use Form CT-1120GC to claim the credit available under

education in Connecticut for the purposes of research and

Conn. Gen. Stat. §12-217l based on the incremental increase

development related to advancements in technology.

in the amount a corporation spends in Connecticut for any grant

Research and development related to advancements in

or combination of grants to any institution of higher education in

technology means development of new products, development

Connecticut. Attach it to Form CT-1120K, Business Tax Credit

of new uses for existing products, or development or improvement

Summary.

of methods for producing products. Research and development

Credit Computation

does not include testing or inspection for quality control

purposes, efficiency surveys, management studies, consumer

Note: This credit was repealed effective July 1, 2013. On Line 6

surveys or other market research, advertising or promotional

only include those grants that were made prior to July 1, 2013.

activities, or research in connection with literary, historical, or

The credit equals 25% of the amount by which qualifying grants

similar projects.

made in the current income year exceed the average qualifying

Institution of higher education means an educational

grants made during the three preceding income years.

institution in Connecticut that grants degrees beyond the

If this credit is claimed, the taxpayer will reduce the amount

high school level and is described in, and is exempt from,

of research and development expenses that otherwise may

taxation under IRC §501(c)(3), or exempt from taxation as a

be taken into account in computing the allowable credit under

governmental unit.

Conn. Gen. Stat. §12-217n.

Additional Information

Required Attachment

See the Guide to Connecticut Business Tax Credits available

This form must be accompanied by a detailed schedule that

identifies the name and location of the institution of higher

on the Department of Revenue Services (DRS) website

at , or contact DRS at 1-800-382-9463

education, the date and amount of funds expended for the

(Connecticut calls outside the Greater Hartford calling area only)

research and development grant, and a description of the

or 860-297-5962 (from anywhere).

grant.

Credit Computation

1. Enter the amount of research and development grants to institutions of higher education in

Connecticut for the 2010 income year. Attach detailed schedule.

2. Enter the amount of research and development grants to institutions of higher education in

Connecticut for the 2011 income year. Attach detailed schedule.

3. Enter the amount of research and development grants to institutions of higher education in

Connecticut for the 2012 income year. Attach detailed schedule.

4. Add Lines 1, 2, and 3.

5. Divide Line 4 by three (3). This is the average annual amount of grants during the three

immediately preceding income years.

6. Enter the amount of research and development grants to institutions of higher education in

Connecticut for the 2013 income year. Attach detailed schedule.

7. Balance: Subtract Line 5 from Line 6.

If zero or less, the corporation is not eligible for this credit.

8. Tax credit: Multiply Line 7 by 25% (.25). Enter here and on Form CT-1120K,

Part I-C, Column A.

Form Ct-1120gc - Research And Development Tax Credit For Grants To Institutions Of Higher Education - 2013

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