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Department of Revenue Services

2014

Form CT-1120FP

State of Connecticut

(Rev. 12/14 )

Film Production Tax Credit

For Income Year Beginning: _______________________ , 2014 and Ending: ________________________ , _________ .

Name of eligible taxpayer

Connecticut Tax Registration Number

General Information

Credit Percentage

Complete this form in blue or black ink only.

This credit is calculated based on a percentage of qualiﬁ ed

production expenses or costs. The percentage depends on

Use Form CT-1120FP to claim the business tax credit

the amount of production expenses or costs, as follows:

available under Conn. Gen. Stat. §12-127jj for qualiﬁ ed ﬁ lm

production. Attach it to Form CT-1120K, Business Tax Credit

At least $100,000 but not

10% of production expenses

Summary and/or Form CT-207K, Insurance/Health Care Tax

more than $500,000

or costs

Credit Schedule.

More than $500,000 but not

15% of production expenses

The Film Production tax credit is administered by the

more than $1 million

or costs

Connecticut Department of Economic and Community

More than $1 million

30% of production expenses

Development (DECD) and may not be claimed until DECD

or costs

issues a tax credit voucher which lists the amount of the

available tax credit.

Additional Information

See the Guide to Connecticut Business Tax Credits on the

The Film Production tax credit may be applied against the

Department of Revenue Services website at ,

taxes imposed under Chapter 207 and Chapter 208 of

or contact DRS at 1-800-382-9463 (Connecticut calls outside

the Connecticut General Statutes. This tax credit may be

the Greater Hartford calling area only) or 860-297-5962 (from

assigned in whole or in part no more than three times.

anywhere).

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

2. Year in which eligible expenditures were incurred

Amount of qualiﬁ ed Film Production tax credit as listed on

the tax credit voucher issued by DECD.



Tax credit is being claimed by:

An eligible production company

An assignee

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

Form Ct-1120fp - Film Production Tax Credit - Connecticut Department Of Revenue - 2014

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