Form Ct-1120 Sba - Small Business Administration Guaranty Fee Tax Credit - 2013
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1Department of Revenue Services
2013
Form CT-1120 SBA
State of Connecticut
(Rev. 12/13)
Small Business Administration Guaranty Fee Tax Credit
For Income Year Beginning: _______________________ , 2013 and Ending: ________________________ , _________ .
Corporation name
Connecticut Tax Registration Number
Definition
Complete this form in blue or black ink only.
Small business means any business entity qualifying as
Use Form CT-1120 SBA to claim the credit allowed under
a small business under 13 CFR Part 121, which has gross
Conn. Gen. Stat. §12-217cc. Attach it to Form CT-1120K,
receipts of not more than $5 million for the income year in
Business Tax Credit Summary.
which the credit is first allowed.
Credit Computation
Additional Information
A tax credit is allowed against the Connecticut corporation
See the Guide to Connecticut Business Tax Credits
business tax in an amount equal to the amount paid by a
available on the Department of Revenue Services
small business to the federal Small Business Administration,
as a guaranty fee to obtain guaranteed financing.
(DRS) website at , or contact DRS at
1-800-382-9463 (Connecticut calls outside the Greater
Carryforward/Carryback
Hartford calling area only) or 860-297-5962 (from anywhere).
Any remaining credit balance that exceeds the credit applied
may be carried forward to four succeeding income years.
Part I – Credit Computation
Enter the amount paid to the federal Small Business Administration as a guaranty fee to obtain guaranteed
financing in the 2013 income year. Enter here and on Form CT-1120K, Part I-D, Column B.
Part II – Computation of Carryforward
Credit may be carried forward to four succeeding income years.
See instructions below.
A
B
C
D
E
Total
Credit
Carryforward to 2013
Credit
Carryforward
Credit
Applied
Subtract Column B
Applied to
to 2014
Earned
2009 Through 2012
from Column A.
2013
2009 Small Business Administration
1.
Guaranty Fee tax credit from
2009 Form CT-1120 SBA, Part I.
2010 Small Business Administration
2.
Guaranty Fee tax credit from
2010 Form CT-1120 SBA, Part I.
2011 Small Business Administration
3.
Guaranty Fee tax credit from
2011 Form CT-1120 SBA, Part I.
2012 Small Business Administration
4.
Guaranty Fee tax credit from
2012 Form CT-1120 SBA, Part I.
2013 Small Business Administration
5.
Guaranty Fee tax credit from
2013 Form CT-1120 SBA, Part I.
Total Small Business Administration Guaranty Fee tax credit applied to 2013:
6.
Add Lines 1 through 5, Column D. Enter here and on Form CT-1120K, Part I-D, Column C.
Total Small Business Administration Guaranty Fee Tax Credit Carryforward to 2014: Add Lines 2 through 5,
7.
Column E. Enter here and on Form CT-1120K, Part I-D, Column E.
Computation of Carryforward Instructions
Lines 1 through 5, Columns A through D - Enter the amount for each corresponding year.
Lines 2 through 4, Column E - Subtract Column D from Column C.
Line 5, Column E - Subtract Column D from Column A.
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