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Connecticut Free Printable  for 2020 Connecticut Human Capital Investment Credit

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Human Capital Investment Credit
Form CT-1120 HCIC

Department of Revenue Services State of Connecticut (Rev. 12/19) 2019 Form CT-1120 HCIC Human Capital Investment Tax Credit For Income Year Beginning: ___________________________ , 2019 and Ending: ___________________________ , __________ . Connecticut Tax Registration Number Corporation name 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. Connecticut; child care subsidies paid to employees employed in Connecticut; and contributions made to the Individual Development Account Reserve Fund. Use Form CT‑1120 HCIC to claim the credit available under Conn. Gen. Stat. § 12‑217x. Training is the instruction, maintenance, or improvement of the skills required by the employer for the proper performance of the employee’s duties that are conducted in Connecticut. Required Attachments Expenditures are those amounts paid or incurred for the income year. This form must be accompanied by a detailed schedule that identifies the dates, locations, and descriptions of the training programs, and the expenditures for each program. All other requested schedules must also be attached. Definitions Human Capital Investment means the amount paid or incurred by a corporation on: in-state job training of persons employed in Connecticut; work education programs in Connecticut including but not limited to programs in public high schools and work educationdiversified occupation programs; in-state training and education of persons employed in Connecticut provided by institutions of higher learning in Connecticut; donations or capital contributions to institutions of higher learning in Connecticut for technical improvements, including physical plant improvements; planning, site preparation, construction, renovation, or acquisition of facilities in Connecticut for the purpose of establishing a day care facility in Carryforward/Carryback Any remaining tax credit balance that exceeds the tax credit applied may be carried forward for five succeeding income years. No carryback is allowed. Additional Information A corporation may not use the same expenditures that it used to claim the human capital investment credit in order to claim any other tax credit against any Connecticut tax. See the Guide to Connecticut Business Tax Credits available on the Department of Revenue Services (DRS) website at portal.ct.gov/DRS, or contact DRS at 800-382-9463 (Connecticut calls outside the Greater Hartford calling area only) or 860-297-5962 (from anywhere). Part I - Credit Computation 1. Enter expenditures for in-state job training of employees employed in Connecticut. Attach detailed schedule. 1. 2. Enter expenditures for work education programs in Connecticut. Attach detailed schedule. 2. 3. Enter expenditures for in-state training and education of persons employed in Connecticut provided by institutions of higher learning in Connecticut. Attach detailed schedule. 3. Enter donations or capital contributions to institutions of higher learning 4. in Connecticut. Attach a schedule listing the names of the institutions and the amounts of donations. 4. 5. Enter expenditures for planning, site preparation, construction, renovation, or acquisition of facilities 5. in Connecticut for the purpose of establishing a day care facility in Connecticut. Attach detailed schedule. Enter expenditures for child care subsidies paid to employees employed in Connecticut. Attach a schedule listing the name, address, and Social Security Number of each employee who 6. received a subsidy, the amount of the subsidy, and the name, address, and Taxpayer Identification Number of the child care provider. 6. 7. Enter contributions made to the Individual Development Account Reserve Fund. Attach detailed schedule. 7. 8. Total Human Capital Investment expenditures: Add Lines 1 through 7. 8. 9. Tax credit: Multiply Line 8 by 5% (.05). Enter here and on Form CT-1120K. Part I-C, Column B. 9. Part II - Computation of Carryforward - Credit may be carried forward to five succeeding income years. See instructions below. A Total Credit Earned B Credit Applied 2014 Through 2018 C Carryforward to 2019 Subtract Column B from Column A. 2014 Human Capital Investment tax 1. credit, from 2014 Form CT-1120 HCIC, Part I, Line 9 2015 Human Capital Investment 2. tax credit, from 2015 Form CT-1120 HCIC, Part I, Line 9 2016 Human Capital Investment 3. tax credit, from 2016 Form CT-1120 HCIC, Part I, Line 9 2017 Human Capital Investment 4. tax credit, from 2017 Form CT-1120 HCIC, Part I, Line 9 2018 Human Capital Investment 5. tax credit, from 2018 Form CT-1120 HCIC, Part I, Line 9 2019 Human Capital Investment 6. tax credit, from 2019 Form CT-1120 HCIC, Part I, Line 9 7. Total Human Capital Investment tax credit applied to 2019: Add Lines 1 through 6, Column D. 8. Total Human Capital Investment tax credit carryforward to 2020: Add Lines 2 through 6, Column E. Computation of Carryforward Instructions Lines 1 through 6, Columns A through D - Enter the amount for each corresponding year. Lines 2 through 5, Column E - Subtract Column D from Column C. Line 6, Column E - Subtract Column D from Column A. Members included in 2019 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-1120 HCIC Back (Rev. 12/19) D Credit Applied to 2019 E Carryforward to 2020
Extracted from PDF file 2019-connecticut-form-ct-1120-hcic.pdf, last modified October 2019

More about the Connecticut Form CT-1120 HCIC Corporate Income Tax Tax Credit TY 2019

We last updated the Human Capital Investment Credit in March 2020, so this is the latest version of Form CT-1120 HCIC, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form CT-1120 HCIC directly from TaxFormFinder. You can print other Connecticut tax forms here.

Related Connecticut Corporate Income Tax Forms:

TaxFormFinder has an additional 85 Connecticut income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Connecticut Form CT-1120 HCIC.

Form Code Form Name
Form CT-1120 Instructions Connecticut Corporation Business Tax Instructions
Form CT-1120 CU Combined Unitary Corporation Business Tax Return
Form CT-1120 EXT Application for Extension of Time to File Connecticut Corporation Tax Return
Form CT-1120 CC Authorization and Consent to be Included in a Combined Return
Form CT-1120 ATT Corporation Business Tax Return Attachment H, I and J
Form CT-1120 Corporation Business Tax Return
Form CT-1120 RDC Research and Development Credit
Form CT-1120 SBJ Small Business Job Creation Tax Credit
Form CT-1120 MEC Machinery and Equipment Expenditure Credit
Form CT-1120 XCH Application for Exchange of Research and Development or Research and Experimental Expenditures Tax Credits by a Qualified Small Business

Download all CT tax forms View all 86 Connecticut Income Tax Forms


Form Sources:

Connecticut usually releases forms for the current tax year between January and April. We last updated Connecticut Form CT-1120 HCIC from the Department of Revenue Services in March 2020.

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Form CT-1120 HCIC is a Connecticut Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Connecticut Form CT-1120 HCIC

We have a total of eight past-year versions of Form CT-1120 HCIC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 Form CT-1120 HCIC

CT-1120 HCIC, 2016 Human Capital Investment Tax Credit

2015 Human Capital Investment Tax Credit 2015 Form CT-1120 HCIC

CT-1120 HCIC, 2015 Human Capital Investment Tax Credit

Human Capital Investment Tax Credit 2014 Form CT-1120 HCIC

CT-1120 HCIC, Human Capital Investment Tax Credit

2013 Human Capital Investment Tax Credit 2013 Form CT-1120 HCIC

CT-1120 HCIC, 2013 Human Capital Investment Tax Credit

Human Capital Investment Tax Credit 2012 Form CT-1120 HCIC

CT-1120 HCIC, Human Capital Investment Tax Credit

Human Capital Investment Tax Credit 2011 Form CT-1120 HCIC

CT-1120 HCIC, Human Capital Investment Tax Credit


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