Form Ct-1120 Hpc - Housing Program Contribution Tax Credit - 2013
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1Department of Revenue Services
2013
Form CT-1120 HPC
State of Connecticut
(Rev. 12/13)
Housing Program Contribution Tax Credit
For Income Year Beginning: _______________________ , 2013 and Ending: ________________________ , _________ .
Corporation name
Connecticut Tax Registration Number
Complete this form in blue or black ink only.
Carryforward/Carryback
Use Form CT-1120 HPC to claim the tax credit allowed under
Any remaining tax credit balance that exceeds the credit
Conn. Gen. Stat §8-395 to business firms that make cash
applied may be carried forward for five succeeding income
contributions to housing programs that benefit low and moderate
years or carried back for five preceding income years.
income individuals and families. Attach this completed form to
Additional Information
Form CT-1120K, Business Tax Credit Summary, and/or Form
Contact Connecticut Housing Finance Authority
CT-207K, Insurance/Health Care Tax Credit Schedule.
(CHFA) Tax Credit Unit, 999 West Street, Rocky
This tax credit is administered by the Connecticut Housing
Hill CT 06067-4005, at 860-721-9501 Ext. 237;
Finance Authority (CHFA). To be entitled to claim this credit,
s e e t h e G u i d e t o C o n n e c t i c u t B u s i n e s s Ta x
CHFA must have issued the taxpayer a credit voucher, which
Credits available on the Department of Revenue
indicates the amount of the available tax credit.
S e r v i c e s ( D R S ) w e b s i t e a t w w w. c t . g o v / d r s ;
Credit Computation
or contact DRS at 1-800-382-9463 (Connecticut calls
outside the Greater Hartford calling area only) or
Enter the amount of tax credit, as indicated on the credit
860-297-5962 (from anywhere).
voucher, in Part I. The allowable credit may be applied
against the taxes administered under Chapters 207, 208,
209, 210, 211, or 212 of the Connecticut General Statutes.
Part I - Credit Computation
Enter the amount of tax credit as listed on the credit voucher issued by CHFA for contributions made in the
2013 income year. Enter here and on Form CT-1120K, Part I-B, Line 3, Column A and/or Form CT-207K,
Part 1-A, Column B.
Part II - Computation of Carryforward
Credit may be carried forward or back to the five succeeding or preceding income years. See instructions below.
A
B
C
D
E
Total
Credit
Credit Carried
Credit
Carryforward
Credit
Applied
Back to Prior
Applied to
to
Earned
2008 Through 2012
Income Years
2013
2014
2008 Housing Program
1.
Contribution tax credit, from
2008 Form CT-1120 HPC, Part I.
2009 Housing Program
2.
Contribution tax credit, from
2009 Form CT-1120 HPC, Part I.
2010 Housing Program
3.
Contribution tax credit, from
2010 Form CT-1120 HPC, Part I.
2011 Housing Program
4.
Contribution tax credit, from
2011 Form CT-1120 HPC, Part I.
2012 Housing Program
5.
Contribution tax credit, from
2012 Form CT-1120 HPC, Part I.
2013 Housing Program
6.
Contribution tax credit, from
2013 Form CT-1120 HPC, Part I.
Total Housing Program Contribution tax credit applied to 2013: Add lines 1 through 6 in Column D.
7.
Enter total here and on Form CT-1120K, Part I-D, Column C and/or Form CT-207K, Part 1-A, Column C.
Total Housing Program Contribution tax credit carryforward to 2014: Add Lines 2 through 6, Column E.
8.
Enter here and on Form CT-1120K, Part I-D, Column E, or Form CT-207K, Part 1-A, Column D.
Computation of Carryforward and Carryback Instructions
Lines 1 through 6, Columns A through D - Enter the amount for each corresponding year.
Lines 2 through 5, Column E - Subtract Columns B, C, and D from Column A.
Line 6, Column C - Any available credit must first be applied against the 2013 income year liability.
Do not exceed the difference between Column A and Column D.
Line 6, Column E - Enter any 2013 tax credits remaining after credits are applied to the 2013 income year and any credit carrybacks are claimed.
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