Form Ct-1120da - Digital Animation Tax Credit - 2015
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1
2Department of Revenue Services
2015
Form CT-1120DA
State of Connecticut
(Rev. 12/15 )
Digital Animation Tax Credit
For Income Year Beginning: _______________________ , 2015 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 the
Use Form CT-1120DA to claim the business tax credit available
amount of production expenses or costs, as follows:
under Conn. Gen. Stat. §12-217ll to state-certified digital
animation production companies that engage in digital animation
At least $100,000 but not
10% of production expenses
production activities on an on-going basis. Attach it to Form
more than $500,000
or costs
CT-1120K, Business Tax Credit Summary and/or Form
More than $500,000 but not
15% of production expenses
CT-207K, Insurance/Health Care Tax Credit Schedule.
more than $1 million
or costs
The Digital Animation tax credit is administered by the Connecticut
More than $1 million
30% of production expenses
Department of Economic and Community Development (DECD)
or costs
and may not be claimed until DECD issues a tax credit voucher
which lists the amount of the available tax credit.
Additional Information
The Digital Animation tax credit may be applied against the taxes
See the Guide to Connecticut Business Tax Credits available
imposed under Chapter 207 and Chapter 208 of the Connecticut
on the Department of Revenue Services (DRS) website at
General Statutes. This tax credit may be assigned in whole or in
, or contact DRS at 1-800-382-9463
part no more than three times.
(Connecticut calls outside the Greater Hartford calling area
Claim Period
only) or 860-297-5962 (from anywhere).
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 qualifi ed Digital Animation tax credit as listed on
3.
3.
the tax credit voucher issued by DECD.
Tax credit is being claimed by:
An eligible production company
An assignee
4.
below.
If credit is being claimed by an assignee, enter the name and Connecticut Tax Registration Number (if available) of the assignor
Attach explanation.
Investor/Assignor’s Name
Investor/Assignor’s Connecticut Tax Registration Number
Initial investor
Second assignor
Third assignor
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