Form Ct-1120fp - Film Production Tax Credit - 2012
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1
2Department of Revenue Services
2012
Form CT-1120FP
State of Connecticut
(Rev. 12/12)
Film Production Tax Credit
For Income Year Beginning: _______________________ , 2012 and Ending: ________________________ , _________ .
Name of eligible taxpayer
Connecticut Tax Registration Number
DECD Tax Credit Voucher Number
General Information
Claim Period
Complete this form in blue or black ink only.
All or any part of the tax credit may be claimed in the year
the production expenses or costs were incurred or in any
Use Form CT-1120FP to claim the business tax credit
of the three succeeding years after the year the production
available for qualified film production.
expenses or costs were incurred. No carryforward or
The Film Production tax credit is administered by the
carryback is allowed. See Part II, Computation of Credit
Connecticut Department of Economic and Community
Available in Future Years.
Development (DECD). Any eligible production company
which produces a qualified production and incurs qualified
See instructions for Part II, Lines 1 through 3, Column A to
claim all or part of a tax credit in 2012 that was earned in a
production expenses or costs of at least $100,000 may apply
prior year. Prior year tax credit amounts must not be included
for this tax credit. This tax credit may not be claimed until
in Part I, Line 3.
DECD issues a tax credit voucher which lists the amount of
the available tax credit.
Additional Information
The Film Production tax credit may be applied against the
See Informational Publication 2010(13), Guide to
taxes imposed under Chapter 207 and Chapter 208 of
Connecticut Business Tax Credits, or contact DRS,
the Connecticut General Statutes. This tax credit may be
Taxpayer Services Division at 1-800-382-9463 (Connecticut
assigned in whole or in part no more than three times.
calls outside the Greater Hartford calling area only) or
860-297-5962 (from anywhere). TTY, TDD, and Text
Credit Percentage
Telephone users only may transmit inquiries anytime by
This credit is calculated based on a percentage of qualified
calling 860-297-4911.
production expenses or costs. The percentage depends on
the amount of production expenses or costs, as follows:
At least $100,000 but not
10% of production expenses
more than $500,000
or costs
More than $500,000 but not
15% of production expenses
more than $1 million
or costs
More than $1 million
30% of production expenses
or costs
Part I - Credit Computation
1. Available credit is being claimed by:
An eligible production company
An assignee
Partly by investment and partly by assignment
If credit is being claimed by an assignee, enter the name and Connecticut Tax Registration Number (if available) of the assignor
below. Attach explanation.
Assignor’s Name
Assignor’s Connecticut Tax Registration Number
Initial investor
Second assignor
Third assignor
2. Credit is being applied against:
Chapter 207
Chapter 208
3. Total amount of qualified Film Production tax credit for 2012 as listed on 2012 tax credit voucher
3.
00
issued by DECD.
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