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This version of the form is not currently in use and is provided for reference only. Download this version of
Form CT-1120 FCIC
for the current year.
Form CT-1120 FCIC Fixed Capital Investment Tax Credit - Connecticut
What Is Form CT-1120 FCIC?
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 FCIC?
A: Form CT-1120 FCIC is a tax form in Connecticut used to claim the Fixed Capital Investment Tax Credit.
Q: What is the Fixed Capital Investment Tax Credit?
A: The Fixed Capital Investment Tax Credit is a tax credit in Connecticut that allows businesses to receive a credit against their state corporate income tax for eligible capital investments.
Q: Who is eligible for the Fixed Capital Investment Tax Credit?
A: Businesses that make eligible capital investments in Connecticut are generally eligible for the Fixed Capital Investment Tax Credit.
Q: What types of investments qualify for the Fixed Capital Investment Tax Credit?
A: Eligible investments for the Fixed Capital Investment Tax Credit include tangible personal property, buildings, and infrastructure that are used for business purposes.
Q: How much is the Fixed Capital Investment Tax Credit worth?
A: The Fixed Capital Investment Tax Credit is generally equal to 5% of the eligible capital investment made by a business.
Form Details:
- Released on December 1, 2020;
- The latest edition provided by the Connecticut Department of Revenue Services;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of Form CT-1120 FCIC by clicking the link below or browse more documents and templates provided by the Connecticut Department of Revenue Services.
Download Form CT-1120 FCIC Fixed Capital Investment Tax Credit - Connecticut
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