Connecticut Digital Animation Tax Credit

Digital Animation Tax Credit
Form CT-1120 DA
DRAFT 11-15-2023
2023

Department of Revenue Services
State of Connecticut

Form CT-1120DA

(Rev. 12/23)

Digital Animation Tax Credit

For Income Year Beginning:________________________ , 2023 and Ending:_________________________ ,__________ .
Name of eligible taxpayer

Connecticut Tax Registration Number

General Information

Complete this form in blue or black ink only. Do not use staples.
Please note that each form is year specific. The correct year’s
form must be used.
Use Form CT‑1120DA to claim the business tax credit available
under Conn. Gen. Stat. § 12‑217ll to state‑certified digital
animation production companies that engage in digital animation
production activities on an on‑going basis.
The Digital Animation tax credit is administered by the Connecticut
Department of Economic and Community Development (DECD)
and may not be claimed until DECD issues a tax credit voucher
which lists the amount of the available tax credit.
The Digital Animation tax credit may be applied against the taxes
imposed under Chapter 207 (Insurance Companies and Health
Care Centers Taxes) and Chapter 208 (Corporation Business
Tax) of the Connecticut General Statutes. This tax credit may be
assigned in whole or in part no more than three times.

Credit Percentage

This credit is calculated based on a percentage of qualified
production expenses or costs. The percentage depends on the
amount of production expenses or costs, as follows:
At least $100,000 but not
more than $500,000

10% of production expenses
or costs

More than $500,000 but not
more than $1 million

15% of production expenses
or costs

More than $1 million

30% of production expenses
or costs

Additional Information

See the Guide to Connecticut Business Tax Credits available
on the Department of Revenue Services (DRS) website at
portal.ct.gov/DRS.

Claim Period

All or any part of the tax credit may be claimed in the year the
production expenses or costs were incurred or in any of the
three succeeding years after the year the production expenses
or costs were incurred.

Schedule A (attach a copy of Schedule A for each tax credit voucher)
	1.	 DECD Tax Credit Voucher Number	

1.

	2.	 Year in which eligible expenditures were incurred	

2.

	 	 Amount of qualified Digital Animation tax credit as listed on
3. the tax credit voucher issued by DECD.	

3.

	 	 Tax credit is being claimed by:	
 An eligible production company	  An assignee
4.
			 If credit is being claimed by an assignee, enter the name and Connecticut Tax Registration Number (if available) of the assignor below.
Attach explanation.

	

Investor/Assignor’s Name	

Investor/Assignor’s Connecticut Tax Registration Number

Initial investor
Second assignor
Third assignor

Visit us at portal.ct.gov/DRS for more information.

DRAFT 11-15-2023

Credit Computation

A

Total Credit
Earned

B

Credit Applied
2020 Through 2022

1.

2020 Digital Animation
tax credit

2.

2021 Digital Animation
tax credit

3.

2022 Digital Animation
tax credit

4.

2023 Digital Animation
tax credit

5.

Total Digital Animation tax credit applied to 2023:
Add Lines 1 through 4, Column D.

C

Credit Available
in 2023
Subtract Column B
from Column A.

D

Credit Applied
to 2023

E

Credit Available
in 2024

Total Digital Animation tax credit available in 2024:
6. Add Lines 2 through 4, Column E.

Instructions for Credit Computation
Line 1, Column A - Enter the total amount of qualified Digital Animation tax credit as listed on the tax credit voucher(s) issued by DECD
for eligible production expenses or costs in 2020.
Line 2, Column A - Enter the total amount of qualified Digital Animation tax credit as listed on the tax credit voucher(s) issued by DECD
for eligible production expenses or costs in 2021.
Line 3, Column A - Enter the total amount of qualified Digital Animation tax credit as listed on the tax credit voucher(s) issued by DECD
for eligible production expenses or costs in 2022.
Line 4, Column A - Enter the total amount of qualified Digital Animation tax credit as listed on the tax credit voucher(s) issued by DECD
for eligible production expenses or costs in 2023.
Lines 1 through 4, Columns B through D - Enter the amount for each corresponding year.
Line 2 and Line 3, Column E - Subtract Column D from Column C.
Line 4, Column E - Subtract Column D from Column A.
Members included in 2023 Form CT-1120CU, Combined Unitary Corporation Business Tax Return:
Include in Column D credits shared to and used by another member of the combined group.

Form CT-1120DA Back (Rev. 12/23)

Visit us at portal.ct.gov/DRS for more information.