Form Ct-1120gb - Green Buildings Tax Credit - 2015 Page 2
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1
2Part II - Computation of Carryforward
A
B
C
D
E
Carryforward
Carryforward
Total Credit
Credit Applied to
Credit Applied
Earned
2012 through 2014
to 2015
to 2015
to 2016
1. 2012 Green Building Tax Credit
from 2012 Form CT-1120GB,
Part I, Line 5
2. 2013 Green Building Tax Credit
from 2013 Form CT-1120GB,
Part I, Line 7
3. 2014 Green Building Tax Credit
from 2014 Form CT-1120GB,
Part I, Line 7
4. 2015 Green Building Tax Credit
from 2015 Form CT-1120GB,
Part I, Line 9
5. Total Green Building Tax Credit applied to 2015: Add Lines 1 through 4, Column D.
Enter here and on Form CT-1120K, Part I-C, Column C.
6. Total Green Building Tax Credit carryforward to 2016: Add Lines 1 through 4, Column E.
Enter here and on Form CT-1120K, Part I-C, Column E.
Computation of Carryforward Instructions
Lines 1 through 4, Columns A through D – Enter the amount for each corresponding year.
Lines 1 through 3, Column E – Subtract Column D from Column C.
Line 4, Column E – Subtract Column D from Column A.
General Instructions
Credit Computation
Defi nitions
The tax credit is equal to the allowable costs multiplied by the
Allowable costs means amounts chargeable to a capital account
applicable tax credit percentage. A taxpayer may claim only 25%
that are paid for:
of the total amount of allowable costs in any year. The tax credit
1.
Construction or rehabilitation costs;
percentage depends on the certifi cation level of the project, as
2.
Commissioning costs;
follows:
3.
Architectural and engineering fees;
Type of Eligible
LEED Green
Tax Credit
4.
Site costs (e.g. temporary electric wiring, scaffolding, demolition,
Project
Building Rating
Percentage
fencing, security); and
Gold
8%
5.
Carpeting, partitions, walls, wall coverings, ceilings, lighting,
New Construction or Major
plumbing, electric wiring, mechanical, heating, cooling,
Renovation
Platinum
10.5%
ventilation.
Gold
5%
Core and Shell or
Purchases of land, remediation costs, and the costs of telephone
Commercial Interior Projects
Platinum
7%
systems or computers are not allowable costs.
The total tax credits claimed may not exceed the amount of the tax
Eligible project means a real estate development project, or a
credit voucher issued by DEEP.
building within a real estate development project, that is designed
to meet the applicable LEED Green Building Rating System gold
The tax credit percentage increases by 0.5% if the eligible project
certifi cation or other equivalent certifi cation, as determined by DEEP.
meets any one of the following requirements:
1.
Is a mixed-use development;
Additional Information
2.
Is located in a brownfi eld or enterprise zone;
See the Guide to Connecticut Business Tax Credits available on the
3.
Does not require a sewer extension of more than 1/8 mile; or
Department of Revenue Services (DRS) website at ,
or contact DEEP, Ten Franklin Square, New Britain, CT 06051,
4.
Is located within 1/4 mile walking distance of bus transit, rail,
860-827-2680.
light rail, streetcar, or ferry services.
Form CT-1120GB Back (Rev. 12/15)
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