Form Ct-1120 Hcic - Human Capital Investment Tax Credit - 2013
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1
2Department of Revenue Services
2013
Form CT-1120 HCIC
State of Connecticut
(Rev. 12/13)
Human Capital Investment Tax Credit
For Income Year Beginning: _______________________ , 2013 and Ending: ________________________ , _________ .
Connecticut Tax Registration Number
Corporation name
Complete this form in blue or black ink only.
site preparation, construction, renovation, or acquisition of facilities
in Connecticut for the purpose of establishing a day care facility in
Use Form CT-1120 HCIC to claim the credit available under Conn.
Connecticut; child care subsidies paid to employees employed in
Gen. Stat. §12-217x. Attach it to Form CT-1120K, Business Tax
Connecticut; and contributions made to the Individual Development
Credit Summary.
Account Reserve Fund.
Required Attachments
Training is the instruction, maintenance, or improvement of the
skills required by the employer for the proper performance of the
This form must be accompanied by a detailed schedule that
employee’s duties that are conducted in Connecticut.
identifies the dates, locations, and descriptions of the training
programs, and the expenditures for each program. All other
Expenditures are those amounts paid or incurred for the income
year.
requested schedules must also be attached.
Definitions
Additional Information
Human Capital Investment means the amount paid or incurred
A corporation may not use the same expenditures that it used to
by a corporation on: in-state job training of persons employed in
claim the human capital investment credit in order to claim any tax
credit against any Connecticut tax.
Connecticut; work education programs in Connecticut including but
not limited to programs in public high schools and work education-
See the Guide to Connecticut Business Tax Credits available
diversified occupation programs; in-state training and education
on the Department of Revenue Services (DRS) website at
of persons employed in Connecticut provided by institutions of
, or contact DRS at 1-800-382-9463 (Connecticut
higher learning in Connecticut; donations or capital contributions
calls outside the Greater Hartford calling area only) or 860-297-
to institutions of higher learning in Connecticut for technical
5962 (from anywhere).
improvements, including physical plant improvements; planning,
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
in Connecticut. Attach a schedule listing the names of the institutions
4a.
4a.
and the amounts of donations.
Enter the amount from Form CT-1120GC, Research and Development
4b.
4b.
Tax Credit for Grants to Institutions of Higher Education, Line 7.
4. Subtract Line 4b from Line 4a and enter the result here.
4.
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 Identification
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-D, Column B.
9.
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