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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

Activities, to apportion net income from credit card activities.

of accounting used by the taxpayer in the computation of net

income.

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

apportion income from credit card activities separately using

Credit card issuer’s reimbursement fee means the fee that

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

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

corporation qualifies as a financial service company, all

the persons to whom the taxpayer has issued a credit card

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

has charged merchandise or services to the credit card.

Corporation Business Tax Return Apportionment Computation

Net income derived from credit card activities means

of Income From Financial Service Company Activities (see

interest and fees or penalties in the nature of interest from

Conn. Gen. Stat. §12-218b). If the company does not qualify

credit card receivables, and receipts from fees charged to

as a financial service company, all other income must be

card holders, including, but not limited to annual fees, net gains

apportioned in accordance with the appropriate schedule.

from the sale of credit card receivables, credit card issuer’s

reimbursement fees, and credit card receivables servicing fees

Schedule R-CCA — Connecticut Receipts

received in connection with credit cards issued by the taxpayer,

Complete this schedule to calculate Connecticut receipts

less expenses related to that income, to the extent deductible

derived from credit card activities.

under Conn. Gen. Stat. §§12-213 through 12-242z.

Schedule

A-1

—

Computation

Connecticut

Billing address shall be presumed to be the location indicated

Apportionment Fraction

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

Complete this schedule to calculate an apportionment fraction

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

derived from credit card activities. Enter the apportionment

be mailed, as of the date of mailing.

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

Credit card activities means those activities involving the

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

underwriting and approval of credit card relationships or

income is attributable to income from credit card activities.

other business activities generally associated with the conduct

Complete Schedule A-1 and Schedule A-2 if the corporation’s

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

net income is derived in part from sources other than credit

income.

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

( F o r m C T- 11 2 0 A , 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-112OA-CCA Back (Rev. 12/06)

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

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