Form Ct-1120sf - Service Facility Tax Credit

Form CT-1120SF Instructions

Schedule A

Wages, Salaries, and Other Compensation: Column A

consists of all wages, salaries, and other compensation

Schedule A is used to determine whether the service

paid during the income year to employees of the taxpayer

facility meets the employment criteria for the tax credit.

whose positions are directly attributable to the eligible

The available percentage of the tax credit depends upon

service facility. Column B consists of the sum of wages,

the number of new employees working at the facility.

salaries, and other compensation paid during the income

Complete Lines 1 through 5 as indicated.

year to all employees of the taxpayer in Connecticut.

Schedule B

An employee’s position is directly attributable to an

eligible service facility if the:

Schedule B is used to determine the amount of the tax

•

credit.

Employee’s service is performed or base of operation

is at the eligible service facility;

Tangible Property: Column A includes the average

•

monthly net book value of the eligible service facility

Position did not exist prior to the construction,

including all machinery and equipment specifically

renovation, expansion, or acquisition of the eligible

acquired for and installed at that site without reduction

service facility; and

for any encumbrance. When rented, the value of the

•

Position would not have been created but for the

eligible service facility and all machinery and equipment

construction, renovation, expansion, or acquisition of

specifically acquired for and installed at that site should

the eligible service facility.

be computed by multiplying the gross rents payable by

Schedule B - Line Instructions

the taxpayer during the income year by eight. Column B

Lines 1 through 4 - Complete as indicated.

consists of the average monthly net book value of all

real property, machinery, and equipment held and owned

Line 5 - Enter the tax from Form CT-1120, Schedule C,

by the taxpayer in Connecticut plus the value of all

Line 1.

real property, machinery, and equipment rented to the

Line 7 - Enter the tax credit percentage. This percentage

taxpayer in Connecticut, computed by multiplying the

is determined from the number of new employees working

combined gross rents payable during the income year

at the facility. See chart on Page 1.

by eight. Gross rents means gross rents as defined in

Line 8 - Enter the tax credit. Multiply Line 6 by Line 7,

Conn. Gen. Stat. §12-218.

enter here and on Form CT-1120K, Part I-C, Column A.

Form CT-1120SF Back (Rev. 12/12)

Form Ct-1120sf - Service Facility Tax Credit - 2012 Page 2

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