Form Ct-1120da - Digital Animation Tax Credit - 2012
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1
2Department of Revenue Services
2012
Form CT-1120DA
State of Connecticut
(Rev. 12/12)
Digital Animation Tax Credit
For Income Year Beginning: _______________________ , 2012 and Ending: ________________________ , _________ .
Name of eligible taxpayer
Connecticut Tax Registration Number
DECD Tax Credit Voucher Number
General Information
Claim Period
Complete this form in blue or black ink only.
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
Use Form CT-1120DA to claim the business tax credit available
three succeeding years after the year the production expenses
to state-certified digital animation production companies
or costs were incurred. No carryforward or carryback is allowed.
that engage in digital animation production activities on an
S
ee Part II, Computation of Credit Available in Future Years.
on-going basis. This tax credit is administered by the Connecticut
Department of Economic and Community Development
See instructions for Part II, Lines 1 through 3, Column A to
(DECD) and may not be claimed until DECD issues a tax credit
claim all or part of a tax credit in 2012 that was earned in a
voucher which lists the amount of the available tax credit.
prior year. Prior year tax credit amounts must not be included
in Part I, Line 3.
The Digital Animation tax credit may be applied against the taxes
imposed under Chapter 207 and Chapter 208 of the Connecticut
Additional Information
General Statutes. This tax credit may be assigned in whole or in
part no more than three times.
See Informational Publication 2010(13), Guide to Connecticut
Business Tax Credits, or contact DRS, Taxpayer Services
Credit Percentage
Division at 1-800-382-9463 (Connecticut calls outside the
This credit is calculated based on a percentage of qualified
Greater Hartford calling area only) or 860-297-5962 (from
anywhere). TTY, TDD, and Text Telephone users only may
production expenses or costs. The percentage depends on the
transmit inquiries anytime by calling 860-297-4911.
amount of production expenses or costs, as follows:
At least $100,000 but not
10% of production expenses
more than $500,000
or costs
More than $500,000 but not
15% of production expenses
more than $1 million
or costs
More than $1 million
30% of production expenses
or costs
Part I - Credit Computation
1. Available credit is being claimed by:
A digital animation production company
An assignee
Partly by investment and partly by assignment
If credit is being claimed by an assignee, enter the name and Connecticut Tax Registration Number (if available) of the assignor
below. Attach explanation.
Assignor’s Name
Assignor’s Connecticut Tax Registration Number
Initial investor
Second assignor
Third assignor
2. Credit is being applied against:
Chapter 207
Chapter 208
3. Total amount of Digital Animation tax credit for 2012 as listed on 2012 tax credit voucher issued by
3.
00
DECD.
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