Connecticut Donation of Land Credit

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Donation of Land Credit
Form CT-1120 DLDRAFT 11-15-2023
2023

Department of Revenue Services
State of Connecticut
(Rev. 12/23)

Form CT-1120DL

Donation of Land Tax Credit

For Income Year Beginning: ___________________________ , 2023 and Ending: ___________________________ , __________ .
Corporation name

Connecticut Tax Registration Number

Complete this form in blue or black ink only. Do not use staples.

Definitions

Please note that each form is year specific. The correct year’s
form must be used.

Donation of open space land means the value of any land
conveyed without financial consideration, or the value of any
discount of the sale price in any sale of land or any interest
in land, to the state, a political subdivision of the state, or a
nonprofit land conservation organization, where the land is to
be permanently preserved as protected open space or used
as a public water supply source.

Use Form CT-1120DL to claim the credit allowed under Conn.
Gen. Stat. § 12-217dd for the donation of open space land,
and to carry forward and utilize any remaining credit allowed
under Conn. Gen. Stat. § 12-217ff for the donation of land
for educational use in prior income years.
Credit Computation
A tax credit is allowed against the Corporation Business
Tax in an amount equal to 50% of any donation of open
space land or land for educational use. In order to qualify
for the credit, the land must be donated for educational use,
permanently preserved as protected open space, or used as
a public water supply source.
For purposes of calculating the credit, the amount of donation
shall be based on the difference between the use value of the
donated land and the amount received for the land.
Carryforward/Carryback
Applicable to Credits Claimed Prior to Income Year 2013
Any remaining donation of open space land tax credit balance
that exceeded the tax credit applied may be carried forward
for 25 succeeding income years.

Donation of land for educational use means the value
of any land or interest in land conveyed without financial
consideration, or the value of any discount of the sale price
in any sale of land or interest in land, to any town, city, or
borough, whether consolidated or unconsolidated, and any
school district or regional school district for the purposes of
schools and related facilities.
Use value means the fair market value of land at its highest
and best use, as determined by a certified real estate
appraiser.
Additional Information
See the Guide to Connecticut Business Tax Credits available
on the Department of Revenue Services (DRS) website at
portal.ct.gov/DRS.

Any remaining donation of land for educational use tax credit
balance that exceeded the tax credit applied may be carried
forward for 15 succeeding income years.
Applicable to Credits Claimed in or after Income Year
2013
Any remaining tax credit balance that exceeds the tax credit
applied may be carried forward for 25 succeeding income
years. No carryback is allowed.
Part I - Credit Computation
1.

2. Tax credit: Multiply Line 1 by 50% (.50). Enter the result here on Form CT-1120K, Part I-C, Column B. 2.

1. Enter the value of any donation of open space land or donation of land for educational use in 2023.

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

2008 Donation of Land tax credit from
2008 Form CT-1120DL, Part I, Line 7

2009 Donation of Open Space Land tax credit from
2009 Form CT-1120DL

2009 Donation of Land For Educational Use tax credit from
2009 Form CT-1120DL

2010 Donation of Open Space Land tax credit from
2010 Form CT-1120DL, Part I, Line 4

2010 Donation of Land For Educational Use tax credit from
2010 Form CT-1120DL, Part I, Line 8

2011 Donation of Open Space Land tax credit from
2011 Form CT-1120DL, Part I, Line 4

2011 Donation of Land For Educational Use tax credit from
2011 Form CT-1120DL, Part I, Line 8

2012 Donation of Open Space Land tax credit from
2012 Form CT-1120DL, Part I, Line 4

2012 Donation of Land For Educational Use tax credit from
2012 Form CT-1120DL, Part I, Line 8

2013 Donation of Land tax credit from
2013 Form CT-1120DL, Part I, Line 2

2014 Donation of Land tax credit from
2014 Form CT-1120DL, Part I, Line 2

2015 Donation of Land tax credit from
2015 Form CT-1120DL, Part I, Line 2

2016 Donation of Land tax credit from
2016 Form CT-1120DL, Part I, Line 2

2017 Donation of Land tax credit from
2017 Form CT-1120DL, Part I, Line 2

2018 Donation of Land tax credit from
2018 Form CT-1120DL, Part I, Line 2

2019 Donation of Land tax credit from
2019 Form CT-1120DL, Part I, Line 2

2020 Donation of Land tax credit from
2020 Form CT-1120DL, Part I, Line 2

2021 Donation of Land tax credit from
2021 Form CT-1120DL, Part I, Line 2

2022 Donation of Land tax credit from
2022 Form CT-1120DL, Part I, Line 2

2023 Donation of Land tax credit from
2023 Form CT-1120DL, Part I, Line 2

10.

11.

12.

13.

14.

15.

16.

17.

18.

19.

20.

21.

Credit Applied
to 2023

Carryforward
to 2024

Lines 1 through 20, Column E - Subtract Column D from Column C.
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.

Carryforward to 2023
Subtract Col. B from Col. A.

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

Computation of Carryforward Instructions
Lines 1 through 20, Columns A through D - Enter the amount for each corresponding year.
Line 21, Column E - Subtract Column D from Column A.
Form CT-1120DL Back (Rev. 12/23)

Credit Applied
2000 Through 2022

23. Total Donation of Land tax credit carryforward to 2024: Add Lines 1 through 21, Column E.

22. Total Donation of Land tax credit applied to 2023: Add Lines 1 through 21, Column D.

2000-2007 Donation of Open Space Land tax credit

Total Credit
Claimed

See instructions below.

Part II - Computation of Carryforward

DRAFT 11-15-2023

Extracted from PDF file 2023-connecticut-form-ct-1120-dl.pdf, last modified November 2023

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More about the Connecticut Form CT-1120 DL Corporate Income Tax Tax Credit TY 2023

We last updated the Donation of Land Credit in February 2024, so this is the latest version of Form CT-1120 DL, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-1120 DL directly from TaxFormFinder. You can print other Connecticut tax forms here.

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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 DL.

Form Code	Form Name
Form CT-1120 A-LP	Corporation Business Tax Return Apportionment of Limited Partnership Interests
Form CT-1120 Instructions	Connecticut Corporation Business Tax Instructions Tax Return
Form CT-1120 EXT	Application for Extension of Time to File Connecticut Corporation Tax Return Extension
Form CT-1120X	Amended Corporation Business Tax Return
Form CT-1120	Corporation Business Tax Return Tax Return
Form CT-1120 CC	Authorization and Consent to be Included in a Combined Return
Form CT-1120 ES	Estimated Corporation Business Tax Payment Coupons Estimated
Form CT-1120 A-BMC	Corporation Business Tax Return Apportionment Computation - Motor Bus and Motor Carrier Companies
Form CT-1120 A-BPE	Corporation Business Tax Return Apportionment Computation - Broadcasters and Production Entities
Form CT-1120 A-CCA	Corporation Business Tax Return Apportionment Computation of Income Credit Card Activities Tax Credit

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 DL from the Department of Revenue Services in February 2024.

Show Sources >

Form CT-1120 DL 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 DL

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

2023 Form CT-1120 DL

2022 Form CT-1120 DL

2021 Form CT-1120 DL

2020 Form CT-1120 DL

2019 Form CT-1120 DL

2017 Form CT-1120 DL

2016 Form CT-1120 DL

CT-1120DL, 2016 Donation of Land Tax Credit

2015 Form CT-1120 DL

CT-1120DL, 2015 Donation of Land Tax Credit

2014 Form CT-1120 DL

CT-1120DL, 2014 Donation of Land Tax Credit

2013 Form CT-1120 DL

CT-1120DL, 2013 Donation of Land Tax Credit

2012 Form CT-1120 DL

CT-1120DL, 2012 Donation of Land Tax Credits

2011 Form CT-1120 DL

CT-1120DL, Donation of Land Tax Credits

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