Form CT-1120 FPI Film Production Infrastructure Tax Credit - Connecticut

What Is Form CT-1120 FPI?

This is a legal form that was released by the Connecticut Department of Revenue Services - a government authority operating within Connecticut. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form CT-1120 FPI?A: Form CT-1120 FPI is a tax form used for claiming the Film Production Infrastructure Tax Credit in Connecticut.

Q: What is the Film Production Infrastructure Tax Credit?A: The Film Production Infrastructure Tax Credit is a tax incentive offered by Connecticut to encourage film production companies to invest in infrastructure in the state.

Q: How do I qualify for the Film Production Infrastructure Tax Credit?A: To qualify for the Film Production Infrastructure Tax Credit, you must be a film production company that has made a qualified investment in infrastructure in Connecticut.

Q: What expenses are eligible for the tax credit?A: Expenses related to the construction, renovation, or purchase of a qualified infrastructure facility in Connecticut are eligible for the tax credit.

Q: How much can I receive in tax credits?A: The amount of tax credits you can receive depends on the amount of your qualified investment and the availability of tax credits allocated by the state.

Q: What is the deadline for filing Form CT-1120 FPI?A: Form CT-1120 FPI must be filed with the Connecticut Department of Revenue Services on or before the due date of your corporation business tax return.

Q: Are there any other requirements to claim the tax credit?A: Yes, in addition to filing Form CT-1120 FPI, you must also meet certain film production and employment criteria to claim the tax credit.