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Credit Percentage The credit percentage is 5% .

Carryforward/Carryback Limitations

Additional Provisions

Corporations claiming expenditures for the Human Capital Investment Credit cannot claim or use the same expenditures against any other corporation business tax credit.

Any credit not used during the income year may be carried forward to the next five succeeding income years until the entire credit is used. No carryback is allowed.

Where to Get Additional Information

Direct inquiries to:

How to Apply

Complete Form CT-1120 HCIC, Human Capital Investment Credit, and attach it to Form CT-1120K, Business Tax Credit Summary, along with all required detailed schedules.

Forms are available anytime from the DRS website at www.ct.gov/DRS or by calling the DRS Forms Unit at 1-800-382-9463 (Connecticut calls outside the Greater Hartford calling area only) and selecting Option 2 from a touch-tone phone, or 860-297-4753 (from anywhere).

Department of Revenue Services Taxpayer Services Division 25 Sigourney Street Hartford CT 06106

1-800-382-9463 (Connecticut calls outside the Greater Hartford calling area only), or 860-297-5962 (from anywhere)

www.ct.gov/DRS

REFERENCES: Conn. Gen. Stat. §12-217x

TTY, TDD, and Text Telephone users only may transmit inquiries anytime by calling 860-297-4911.

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Informational Publication 2006(15), Guide to Connecticut Business Tax Credits Issued: 04/24/07

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